Latest News Wires Touchstone of Mexican nationalism overturned: gas, oil open to foreign firms

President Peña Nieto signed new rules opening state-run oil, gas, and electricity industries to private and foreign companies, saying average Mexicans would gain lower prices and more jobs. Mexico nationalized its oil industry in 1938.

By , Associated Press

Rebecca Blackwell/AP

Mexican President Enrique Peña Nieto signed into law on Monday new rules governing a historic opening of the state-run oil, gas, and electricity industries to foreign and private companies.