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Mexican president says he may reverse energy liberalization next year

Published 09/24/2020, 11:34 AM
Updated 09/24/2020, 11:35 AM
© Reuters. FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador delivers his second state of the union address at National Palace in Mexico City

MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Thursday he may reverse Mexico's 2013-2014 energy liberalization next year if he's unable to "rescue" state oil company Petroleos Mexicanos and electricity utility CFE with existing laws.

Lopez Obrador said in his morning news conference he would do everything he can to strengthen the indebted public companies, when asked if the steps could include refinancing debt.

© Reuters. FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador delivers his second state of the union address at National Palace in Mexico City

He said any constitutional reform would prioritize the public sector without excluding the private sector.

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