Investors Want an Energy Overhaul.(want Mexico's natural gas resources to be used for low-cost energy for chemical production)(Brief Article)

Pemex Plans Incentives for the Private Sector

BUSINESS LEADers in Mexico are lobbying government officials to remove the roadblocks preventing investors from exploiting the country's vast natural gas resources for low-cost chemicals production. Local chemical producers say political foot-dragging and legal constraints in the past have prevented state-owned Petroleos Mexicanos (Pemex) from fully developing those resources, causing them to miss out on the chance to rake advantage of Mexico's large domestic market and trade agreement with the U.S. Executives hope the National Action Party administration of President Vicenre Fox, the first opposition party candidate to win the presidency in more than 70 years, has the political will to attract the first …