The Institutional Revolutionary Party (PRI) today released its new proposal for reform of Mexico’s energy laws.  As reported in El Financiero, the PRI’s plan would allow Pemex, the state-controlled oil monopoly, to enter into contracts with third parties (e.g., foreign investors) to assist with the development of Mexican petroleum resources, including offshore resources, but would not allow Pemex to grant control of any Mexican petroleum resources to such third parties.  The PRI proposal includes the drafting of new body of law called the Energy Transition Law (Ley de Transicion Energetica), which would grant Pemex greater management and operational autonomy.