By MARK STEVENSON
The Mexican government on Wednesday unveiled its proposed rules for a historic opening of the state-owned oil and energy industry, saying contracts and production licenses should be put out for public bid and go to the company that offers the best return.
Energy Secretary Pedro Joaquin Coldwell said the service station monopoly of state-owned Petroleos Mexicanos would fade only gradually as the necessary distribution and other infrastructure is made ready. Private companies will not be allowed to immediately open gas stations to compete with it.
Joaquin Coldwell said that Mexican suppliers would be given preference in contracts over foreign firms in cases where both offer the same terms. And he said that Mexico would seek a goal of ensuring 25 percent “national content” goal in energy projects.
The rules must still be approved by Congress.