Thursday, January 17, 2008

Mexico govt says closing in on energy reform deal


MEXICO CITY, Jan 17 (Reuters) - Mexico's government is closing in on a deal with opposition lawmakers to overhaul energy laws, the new interior minister said on Thursday.

"What we need to do is modernize the energy sector," Interior Minister Juan Camilo Mourino told Mexican television.

"The parties ... have said they are ready to enter the final phase of talks," Mourino told Mexican radio later.

Mexico, a top three supplier of crude oil to the United States, saw oil exports slip last year to their lowest level since 2002 because of pounding storms and sagging output at the massive Cantarell oil field.




This story is significant because energy is at the top of many countries priority lists at this point. This particular reform deal will have an affect upon the United States as well as many other countries.

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