Andres Manuel Lopez Obrador (AMLO), President of Mexico, suspended the oil rounds indefinitely, arguing that private companies were not investing in the country. Representatives of the sector talked about the private investment figures since the beginning of Energy Reform.
Andrés Manuel López Obrador (AMLO), President of Mexico, decided to indefinitely suspend the oil rounds and Pemex farm outs, arguing that private companies had not shown sufficiently interesting production results. However, the government is turning to private companies to carry out oil projects.
Andres Manuel Lopez Odrador (AMLO) and the Energy Secretary (Sener), Rocío Nahle, published a list of the fuel retailers that offer the highest and lowest gasoline prices in Mexico. Chevron (NYSE: CVX) talked about this list and the reasons for price levels in Mexico.
The firm spoke about the current investment situation in Mexico. Here are the details.
Andres Manuel Lopez Obrador (AMLO) asked oil companies to increase their investments and give quick results in the country. The private sector has responded positively to this request, and Cotemar Group announced its investment plans in Mexico, through its subsidiary Servicios de Extraction Petrolera Lifting de Mexico.
A few months ago, Andres Manuel Lopez Obrador (AMLO), President of Mexico, asked private companies to show results in exploratory and production issues. Companies have responded to this request quickly. Ophir Energy announced a new discovery and the firm talked about its plans in the country.