Energy links seen boosting U.S. ties to Mexico

energy- oil pumps 2The Washington Times, 2/28/2013

A senior Obama administration official voiced optimism about the growing economic relationship between the U.S. and Mexico, stressing that energy sector ties between the two nations have “enormous potential for progress.” Assistant Secretary of State Roberta S. Jacobson told a congressional hearing Thursday that Washington’s overall approach to Latin American ties “is as much about seizing opportunities as it is about countering threats.”

Her remarks during a hearing of the House Committee on Foreign Affairs dovetailed with comments this week from a top Mexican official, who expressed optimism that the nation’s state-run oil monopoly, long managed as a closely held national asset, is on the verge of opening up to billions of dollars in foreign investment. Emilio Lozoya, the newly tapped chief of the monopoly — known as Pemex — told the Financial Times that he expects Mexican lawmakers to sign off as early as this summer on landmark changes to the sector proposed by recently elected Mexican President Enrique Pena Nieto.

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