Mexico’s private oil and natural gas industry has invested $18 billion in the country since 2015 and secured approvals to invest another $42 billion as a result of the country’s 2013-2014 constitutional energy reform.

That’s according to the Asociación Mexicana de Empresas de Hidrocarburos (Amexhi), Mexico’s private sector oil and gas trade organization.

The group highlighted its contributions in an update last Thursday (Sept. 9), saying, “Mexico is the main beneficiary” of the bid rounds conducted under the reform.

The legislative overhaul has allowed firms other than national oil company Petróleos Mexicanos (Pemex) to participate in the exploration and production (E&P) segment, Amexhi said.

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