Mexico opens oil rights to foreign companies

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Mexico has approved a controversial bill that opens state-controlled oil deposits to foreign investors for the first time in 75 years. The law will allow foreign companies to look for and extract oil, alongside Pemex, the state-owned oil company. Foreign oil companies will also be allowed to pocket the profits from oil found and extracted in Mexico. RT’s Nicholas Sanchez O’Donovan takes a look at the story, including critics’ reactions to and protests of the new bill.

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