McCaul Applauds Mexico's Pemex Reforms

McCaul Applauds Mexico's Pemex Reforms

AUSTIN, TX –Today, following passage of landmark reforms by the Mexican Congress that will end Pemex's 75 year old monopoly on Mexico's energy industry, Congressman Michael McCaul released the following statement.

McCaul: "I applaud my colleagues in Mexico's Congress and the leadership of President Pena Nieto for taking the extraordinary step of reforming Pemex. The reforms passed by the Congress will modernize Mexico's energy industry, improve production and ultimately contribute to economic growth in Mexico which is intregal to the United States. This gives our two nations an opportunity to deepen our energy ties and work together toward the goal of solidifying North America as a global energy superpower."