Opportunities in Mexico abound for energy firms

Several opportunities will be available for Chinese enterprises in Mexico's energy sector, especially in all the stages of oil and gas production, the Mexican ambassador to China said on Wednesday.

The ambassador's press conference in Beijing came after Mexican President Enrique Pena Nieto signed a series of 21 laws on Monday that laid the foundation for a comprehensive reform in the country's energy sector - unchanged since the energy sector was nationalized in 1938.

"Chinese enterprises will be able to bid on profit-sharing contracts to either jointly or individually participate in Mexican oil and gas exploration, production, refinement, transportation and storage which up to now have been monopolized by Pemex, the national petroleum company," said Ambassador Julian Ventura.