Exclusive: Mexico's new government may halt oil auctions indefinitely - document

Exclusive: Mexico's new government may halt oil auctions indefinitely - document

MEXICO CITY (Reuters) - Mexico's incoming government is considering indefinitely suspending auctions for oil and gas projects as well as giving state-owned Pemex the authority to pick its own joint-venture partners rather than holding competitive tenders, according to policy guidelines seen by Reuters.

The document, drafted by energy advisers to leftist President-elect Andres Manuel Lopez Obrador, also recommends forging closer ties with leading oil producer cartel OPEC while withdrawing from the International Energy Agency (IEA), which represents the interest of oil-consuming countries.

(Reporting by Adriana Barrera; Additional reporting by David Alire Garcia and Ana Isabel Martinez; Editing by Daniel Flynn and David Gregorio)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Aug 29, 2018 02:05 AM

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