The
Mexican government has granted national oil firm Petroleos Mexicanos
(Pemex) the rights to 83% of the country's proven and probable oil
reserves, as part of a broad overhaul.
But
Pemex will only get 21% of possible reserves, less than it had asked
for.
Those
are the areas where oil has not yet been discovered and which will
require a greater degree of investment and exploration to fully
exploit.
Mexico
enacted new rules this week to open up the country's energy sector.
Private
oil companies are now
