IN BRIEF: Mexico's senate concludes Pemex, CFE debate

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Thursday, July 10, 2014

Mexican senate commissions concluded debate of the third package of the energy reform's secondary legislation, which includes the proposal to revamp state oil firm Pemex and power utility CFE.

On Thursday, the energy and legislative commissions comprising 16 senators from the ruling PRI and opposition PAN and PRD parties continued debating the secondary legislation, which once approved will be sent to the full senate for a vote.

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PRD senator Benjamín Robles Montoya said that his party is not opposed to restructuring the two state-run firms as part of the energy reforms that will allow partnerships with private firms, but warned that the companies could be weakened and eventually dismantled as a result.