Mexico’s government on Wednesday outlined a raft of proposed laws to implement its historic drive to open up its oil and gas industry to competition, including rules that foreign companies will have to include a certain amount of Mexican parts and labor in their work by 2025. The rules set out by the government of President Enrique Peña Nieto were closely watched by the oil industry as a sign of how far the country might be willing to go to attract private investment. Analysts said the rules appeared to be aimed at drawing a large amount of investment quickly and would be positively viewed by most oil companies. The proposals–which were the fine print to sweeping changes to Mexico’s Constitution last December that ended the state monopoly on oil and gas and electricity–will now go to Mexico’s Congress, where they are widely […]