Mexico City

Protesting oil deal: Tens of thousands of Mexicans rallied last week against President Enrique Peña Nieto’s proposal to allow foreign oil companies to drill in Mexico. State oil company Pemex has been the sole operator since 1938, when Mexico nationalized its oil fields, but now it needs help to exploit the deepwater reserves in the Gulf as well as shale gas. Peña Nieto says the Mexican government simply can’t take on the risk of investing billions of dollars in exploration and development. But opposition leader Andrés Manuel López Obrador says allowing foreigners to profit from Mexican oil would be a national defeat and the “robbery of all ages.”

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