Last updateFri, 20 Mar 2015 4pm
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Protests mark anniversary of Mexico’s oil expropriation

Labor unions and civic organizations protested Mexico’s energy reforms on the 77th anniversary of the nationalization of Mexico’s oil industry, Wednesday, March 18.

President Enrique Peña Nieto also marked the anniversary of the expropriation, which was signed into law by President Lazaro Cardenas in 1938. Some commentators had thought that he might ignore the date, given that his reforms approved by Congress in December 2013 reopen Mexico’s oil sector to foreign investors.

Speaking at an event in Tabasco, Peña Nieto defended his reforms, while stressing that the state-run oil company Pemex will remain in Mexican hands.

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