Mexico energy reform won't force Pemex into contracts -lawmakers

miércoles 19 de febrero de 2014 21:39 GYT

By Alexandra Alper and David Alire Garcia

MEXICO CITY Feb 19 (Reuters) - The keenly awaited fine print that will flesh out a landmark Mexican energy reform will not require state oil giant Pemex to take minimum stakes in contracts and will set out national sourcing requirements, leading lawmakers said on Wednesday.

Mexico's Congress in December approved the reform that ends Pemex's 75-year monopoly on crude production and aims to attract significant new streams of private investment into the country's lumbering oil, gas and electricity sectors.

"Pemex will participate (in future exploration and production contracts) if it wants to participate," said Marco Antonio Bernal, who heads the energy committee in the lower chamber of Congress and belongs to President Enrique Pena Nieto's ruling Institutional Revolutionary Party.

"We're not interested in obligating anyone," he added.

Pemex executives have said privately that they firmly oppose such a requirement.

Signed into law late last year by Pena Nieto, the energy reform allows for new contractual options for Pemex as well as foreign or private oil companies, including production-sharing contracts and licenses.

The lawmakers also said that the secondary legislation will spell out national content requirements for the contracts, but said that the still undefined mechanisms will vary.

"It will depend on the field," said Juan Bueno, a federal lawmaker in the lower chamber of Congress and an energy specialist with the conservative National Action Party, or PAN.   Continuación...