Mexico is seeking to draw up a flexible tax framework for private companies interested in the opening of the country’s oil and gas industry, in a bid to become a competitive option for investors in the North American energy sector. The government and the main conservative opposition are in early talks on a blueprint that completes the historic constitutional changes passed last December. The legislation, which is the cornerstone of President Enrique Peña Nieto’s plans to lift economic growth, opens the door for the return of private firms to exploration and production activities in Mexico after a 75-year absence. The tax framework is important because it defines how much money will be paid to private investors for taking exploratory and production risks, and how much will end up in the hands of the state as the original owner of the oil and gas resources. Investors are awaiting the […]