Mexico's petrolium industry could soon be open to foreign investment. Legislation paves the way for foreign capital, leaving state run oil company Pemex open to competition.
Newly elected president Andres Manuel Lopez Obrador has said that his team will review state-owned oil company PEMEX. Rating agencies have warned that his proposed changes could hurt the industry.
The government has been trying to attract foreign investment and know-how into Mexico's lethargic oil sector for years. The 19 auctioned fields contain an estimated 2.8 billion barrels of oil.
Mexico's attorney general is seeking to bring back the former governor to stand trial on corruption and electoral charges. The current governor claims that Duarte is in the United States.
Ecuador's vice president has become the highest-ranking politician to be convicted over the Odebrecht bribes scandal. Other cases in Mexico and Colombia have shown the international reach of the corruption.
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