On February 4, 2025, a bill containing the draft decree for the issuance of the new Law on the Public State-Owned Enterprise, Petróleos Mexicanos (“PEMEX Law” or the “Bill”) was presented by the Executive Branch to the Senate. If approved, as expected, the PEMEX Law will come into effect the day after its publication in the Federal Official Gazette, repealing and replacing the Petróleos Mexicanos Law, which has been in force since August 2014.