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AP® Comparative Government

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Pena Nieto's Oil Reforms

APCGOV-1XFYXE

Which of the following reforms was made to the oil industry in Mexico by President Enrique Pena Nieto?

A

Oil revenues must now pay for welfare state programs exclusively.

B

PEMEX was sold on the stock exchange into the private sector.

C

Foreign companies are now permitted to drill for oil in Mexico on a limited basis.

D

Taxes on gasoline were increased to fund infrastructure development.

E

Subsidies on oil were increased to keep gasoline prices down for Mexican citizens.