Mexico - 06

Mexico: Pena Nieto Expedites Relaxed Fuel Import Terms

On 22 February President Enrique Pena Nieto announced that the relaxed fuel import terms originally slated for 1 January 2017 would be expedited to 1 April 2016 – nine months earlier than as established under the Hydrocarbons Law. Before the energy reforms were enacted, Pemex was the only entity allowed to purchase fuel abroad; now, any company with permission from the Energy Regulatory Commission (CRE) will be able to do so.

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