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    Mexico’s senate approves key energy reform bill

    Mexico's Senate gave general approval July 18 to a key bill to regulate the opening of the oil and gas industries to private investment, the centerpiece of President Enrique Pena Nieto's economic reform agenda, Reuters says.

    The Senate voted 90-28 to approve the general outline of the hydrocarbons law, which details the rules for private contracts and fines, but lawmakers reserved dozens of articles for further debate before a final vote.

    Reuters notes that the bill fleshes out a historic overhaul of the state-run energy sector approved late last year, and it will now pass to the lower house from the Senate.

    (The Senate of Mexico building/Shutterstock/ChameleonsEye)

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