Mixed reactions to Mexico's energy policy shift

The Mexican government is taking significant steps towards opening up its energy sector to foreign firms.

Read: Canadian Natural Resources’ Q2 net earnings slip

If passed, a pair of constitutional amendments would allow limited joint ventures between the country’s national energy firm, Pemex, and foreign players like Exxon Mobil, Chevron and BP, reports Forbes.com.

While big firms have welcomed the news, they see the proposal as “fall[ing] short of the best-case scenario, one in which they would be allowed to own oil and gas reserves,” notes the report.

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