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Sovereign Wealth Funds Briefing - Categorized | Market

Mexico eyes end to oil hedge when wealth fund takes off

Posted on 08 May 2014

Mexico may abandon one of the world’s largest oil hedging programs as a new petroleum wealth fund gradually fills up with revenues from the opening of its energy sector, a deputy finance ministry official said on Wednesday.
The energy reform, approved late last year, is the cornerstone of President Enrique Pena Nieto’s plan to boost economic growth by attracting private investment to the oil and gas industry, dominated by ailing state-owned oil company Pemex……………………………………….Full Article: Source


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