Steve Otillar Quoted by Bloomberg on Energy Legislation Approved by Mexican Senate

Bloomberg, for its article, “Mexico’s Proposed Energy Laws Market Positive, Analysts Say” quoted Akin Gump energy partner Steve Otillar on a recently approved energy legislation draft that will increase Mexico’s national content minimum for incoming companies from 25 percent by 2015 to 35 percent by 2025.

The national content requirements are the amount of obligatory Mexican supplies in each new energy project, regarding which Otillar noted that the increase is reasonable compared to other countries: “It is definitely within the range of reasonable numbers that you see, if anything perhaps on the low side.”