Mexico's president may change constitution to strengthen control of state-owned oil company

6 August
President Andrés Manuel López Obrador of Mexico (photo credit: International Labour Organization ILO/flickr)
President Andrés Manuel López Obrador of Mexico (photo credit: International Labour Organization ILO/flickr)
The Mexican government may need to effect changes in the country’s constitution to strengthen its control of state oil giant Pemex, President Andres Manuel Lopez Obrador said in a memo cited by Bloomberg. "We must advance to the limit permitted by the current legal framework. However, if in order to apply the new rescue policy to Pemex and CFE we need to propose a new energy reform, we don’t rule out that possibility," Lopez Obrador wrote in the memo.
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