Latin American country Mexico is looking at attracting Indian companies to invest in its oil and gas sector. The nation has recently made reforms that would now facilitate foreign companies to pick up stake in energy projects in the country. Over 85 per cent of Mexico's crude oil exports were to India in 2013. Indian refiners including State-run Indian Oil Corporation along with Reliance Industries and Essar Oil are now importing crude oil from a new set of supplier countries, including Mexico. Imports from the Latin American nation have increased dramatically from $0.6 billion in 2010 to $3 billion in 2013. The comprehensive reforms open up Mexico's energy sector to private and foreign investors for necessary modernisation of the oil, gas and electricity sectors as well as to drive forward the country's renewable energy sector.
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