Mexico’s President-elect Andres Manuel Lopez Obrador has assured oil companies operating in the country that no oil contract will be cancelled as long as it complies with its terms, Reuters reports, citing a closed-door meeting between Obrador and industry executives. “The president-elect told us on various occasions that they will respect contracts so long as we obviously comply with all of the contracts’ commitments,” the head of Shell’s Mexican operations, Alberto de la Fuente, told Reuters. There had been some worry in the run up to the elections that leftist Obrador, who had not spared any harsh word about private involvement in Mexico’s oil industry, would wreak havoc on the energy reform enacted by the Pena-Nieto government and maybe kick out international oil companies. As often happens after the elections, however, Obrador has softened his rhetoric as reality set in: Pemex simply does not have the capacity to develop […]