Apparently Calderon's new tax and revenue package referred to in an earlier post was designed to reinvigorate Pemex. The national oil company will get to keep more of its revenues, presumably to reinvest in the company. To make up for the lost revenue to the government, Calderon got the Congress to agree to a retail tax on gasoline, which is probably not one of the more popular ideas on the streets of Mexico.
But if there's any serious privatizing being proposed, I'm missing it.
Read a commentary written by an Exxon Mobil official here:
Petroleum World guest editorial
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