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Mexico may delay oil investment access

8 September 2006 -- Bloomberg reports that Mexican President-elect Felipe Calderon said he may delay seeking changes in the constitution to allow private investment in the oil industry. He reportedly plans to give priority to fighting poverty and boosting employment.

The news agency said Calderon's plan to delay introducing energy legislation that he had promised in the campaign is an acknowledgment of the legislative gridlock he is likely to face after the closest election in Mexican history. Calderon said he would follow up on a plan initiated by outgoing President Vicente Fox to ship Mexican crude oil to a refinery built with private investment in Central America.




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