Mexico’s Senate voted Friday to give Mexican companies a greater role in energy projects under the landmark opening of the country’s oil and gas sectors, tightening the national content rules that President Enrique Peña Nieto had proposed and partly satisfying demands of local industry groups and ruling party members. The Senate set a bar of 25% mandatory Mexican content in each new energy project starting from 2015, progressively increasing that to at least 35% by 2025. President Enrique Peña Nieto’s energy proposal sent to Congress in April required at least 25% by 2025. The new national content rules decided by the Senate, which are widely expected to be ratified by the lower house, are still more attractive for private companies than other major oil producers in the region such as Brazil, and critically exclude deep-water projects, analysts said. The rules for deep waters will be set later by […]