Energy Reform Proposed: Opening Oil Sector to Private Capital

Peña Nieto presented a constitutional amendment to Articles 25, 27, and 28 before Congress, proposing to allow private and foreign investment in oil, gas, and electricity for the first time since the 1938 nationalization. The move ended the 75-year Pemex/CFE monopoly and was the most politically controversial reform of the sexenio, drawing protests from AMLO's movement and leftist parties.