March 24 (Bloomberg) -- Mexican President Felipe Calderon's National Action Party delayed plans to unveil a bill that would open up the state oil industry to private or foreign investment.
Calderon's government or allied lawmakers will present an energy bill in 10 to 15 days, said Hector Larios, leader of the party in the lower house of Congress. The reform proposal had been planned for release by the end of March.
The delay has allowed opposition politicians, led by former presidential candidate Andres Manuel Lopez Obrador, more time to criticize the government's plan by calling it a sale of the nation's oil riches. That resistance, as well as objections by some members of the Institutional Revolution Party, or PRI, may be pushing Calderon's party to soften its proposal.
President Calderon delayed plans for a bill that would open the Mexican oil industry to private or foreign investment. Calderon and his lawmakers will present a new energy plan in the next ten to fifteen days.
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