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Mexico Moves to Overhaul Oil Industry

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    Anonymous

    Mexico moved to end the country’s 75-year-old monopoly on oil and gas production, potentially opening up some of the world’s biggest remaining untapped oil reserves to private companies and setting the stage for a new energy boom on the U.S. doorstep.

    The government on Monday unveiled a bill to change the constitution to let it partner with private companies to find and produce oil and gas in a country that is the third biggest supplier of crude to the U.S. and has the world’s fourth biggest reserves of shale gas.
     
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