Energy Reform is Underway
Petroleos Mexicanos (Pemex) has reached a $900 million deal with BlackRock and First Reserve, its first major investment since the country ended its 76-year resource nationalization, the companies announced on March 27, 2015. BlackRock and First Reserve receive a 45% interest in a natural gas pipeline project that will deliver United States gas to central Mexico. Construction of the project is expected to be complete in 2016, and the two investing firms will hold a 25-year transportation agreement for the 430 mile pip...


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