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Puerto Vallarta News NetworkNews Around the Republic of Mexico | January 2008 

Calderon May Delay Mexico Energy Bill Until Spring, PRI Says
email this pageprint this pageemail usAdriana Lopez Caraveo - Bloomberg
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Mexican President Felipe Calderon, right, shakes hands with his newly appointed Interior Secretary Juan Camilo Mourino, center, as outgoing Interior Secretary Francisco Ramirez Acuna looks on in Mexico City, Wednesday, Jan. 16, 2008. Calderon appointed Mourino to the post Wednesday, after Ramirez Acuna resigned citing personal reasons. (AP/Gregory Bull)
 
Mexico's Institutional Revolutionary Party, the third biggest in Congress, expects the government will wait until March to submit a bill aimed at opening up the state oil monopoly to outside investment.

"It won't happen before March 18 for sure," Samuel Aguilar, the lower house vice-coordinator of the party, known as the PRI, said in an interview. "There's still work to be done on the initiatives."

The delay would allow President Felipe Calderon's National Action Party and the PRI, which helped Calderon pass pension cuts and higher taxes, to negotiate more easily with new leaders of the opposition who take their posts in the spring. The Party of the Democratic Revolution, which has been split since losing the presidential election to Calderon in 2006, will elect a new leadership on March 16.

The president's office referred Bloomberg News questions about the energy bill and the PRI comments to the energy ministry. Energy Ministry spokesman Hector Escalante didn't return a phone call left at his office.

To contact the reporter on this story: Adriana Lopez Caraveo in Mexico City at adrianalopez(at)bloomberg.net



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