Mexico Ends Full Nationalization of Oil

With a vote of three hundred and fifty-three to one hundred and thirty-four, Mexico's congress voted to partially denationalize their oil industry.

The industry was nationalized back in 1938, but has recently struggled to stay economically afloat.

Congress's vote allows for private financiers to buy into the national oil company.

This leaves the country as the majority owner, but brings in outside money as well.

Mexico hopes to use investment money to search for new fields, further explore known ones, and utilize their resources to a greater level.

They are already the tenth largest oil supplier, in the world.