Mexico president appoints party allies to energy, Pemex posts

05 December 2012 22:13  [Source: ICIS news]

HOUSTON (ICIS)--The new president of Mexico, Enrique Pena Nieto, has appointed two political allies to the country’s energy ministry and to lead the state oil monopoly, according to a Pemex statement released on Wednesday.

Nieto appointed Pedro Joaquin Coldwell as the new Secretary of Energy. Coldwell headed the Institutional Revolutionary Party (PRI), which reclaimed the presidency through Nieto’s election in November after being out of power for 12 years.

Coldwell replaces Jordy Herrera Flores in the energy ministry.

Nieto also appointed Emilio Lozoya Austin as the new chairman of Pemex.

Lozoya served as an aide to Nieto and also founded an investment fund, Reuters reported.

Lozoya follows Juan Jose Suarez Coppel as the head of Pemex.

By: Lane Kelley
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