The government says the Pemex oil company needs outside investment to boost falling production and increase exploration for new reserves.
But the protesting deputies and senators argue that this will lead to a creeping privatisation of Pemex.
The protesters want a broad debate on Pemex, in state hands for 70 years.
Leftist deputies and senators have been camped out on the floors of the upper and lower houses since they took over the Congress building last week.
In the lower house, lawmakers from the Democratic Revolution Party (PRD) and two other smaller parties have piled chairs around the speaker's platform.
Importance: The opposition to allowing Pemex freedom for expansion says multitudes for the political culture of Mexico. People are so wary of foreign investors taking advantage or a share of Mexican profits that they are actually going to limit their own growth and allow Pemex to continue to run overbudget and unefficiently.
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