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Mexico:

First Amendment To Hydrocarbons Law Is Published

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On May 4, 2021, the first amendment to Mexico’s Hydrocarbons
Law was published in the Federal Official Gazette, with the
legislative process having concluded on April 22, 2021, after a
heated debate during a plenary session of the Senate (the “Amendment”).

The Amendment modifies core aspects of the permits necessary to
perform midstream and downstream activities in the hydrocarbons
sector, giving the Energy Regulatory Commission
(Comisión Reguladora de Energía,
“CRE”) discretionary powers to grant and approve the
assignment of permits, among other powers. For more details on the
Amendment, see our previous Legal Update.

The Amendment will become effective on May 5, 2021.

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