Pemex plans to reach out to existing partners to form new joint ventures for a pair of deepwater blocks it won in a January auction. HOUSTON, March 5 (Reuters) – Mexico’s state-run oil company Pemex plans to reach out to existing partners to form new joint ventures for a pair of deepwater blocks it won in a January auction, the company’s chief told Reuters on Monday. Pemex is running out of time to find partners for key oil and gas projects as the government looks to show progress from its energy agenda ahead of a July presidential election. The oil company is relying on foreign capital to reverse declining output and refining amid an ambitious energy reform. Finding partners willing to take part in the ventures “has indeed taken more time than planned, but we are moving forward,” Pemex Director Carlos Trevino said in an interview with Reuters. The […]