Mexico Sees Another Four Oil Tenders By End-2018

10 Jul 2017   Mexico

Mexico is planning to hold four more oil and gas block tenders by November 2018 as part of efforts to ensure the sustainability of its energy industry and make better use of its hydrocarbon reserves. Speaking at a news conference, Energy Minister Pedro Joaquin Coldwell said that in addition to the three auctions already announced, there will be a fourth one, offering a mix of shallow and deepwater blocks, as well as shale gas deposits. November 2018 marks the end of President Enrique Pena-Nieto‚Äôs six-term, and he cannot seek reelection, Reuters notes. A potential successor, leftist Andres Manuel Lopez Obrador, who has often criticized the energy reform Pena-Nieto started when he came into office, has pledged to hold a referendum to remove some parts of this reform. If Lopez Obrador wins, he may put an end to further oil and gas tenders, which could be among the reasons why […]

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