February 21, 2019 / 3:27 PM / 3 months ago

Mexico president says no more Pemex oil joint ventures for now

MEXICO CITY, Feb 21 (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Thursday the country will not offer more oil joint ventures between private companies and state energy company Pemex for the moment.

In reply to a question about the contracts known in the industry as “farmouts” Lopez Obrador said the country would not offer more until existing projects began producing oil. (Reporting by Diego Ore; Writing by Frank Jack Daniel)

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