Mexico’s President Enrique Peña Nieto reformed his country’s energy policy and invited outside intelligence and investment to boost slumping oil output. In late 2013, he amended the Constitution to allow private and foreign companies to explore and produce oil and gas in Mexico—for the first time in nearly eight decades. The amendments put an end to the government monopoly. Nieto hopes his reforms will bring in $50 billion in investment by 2018.
