June 14, 2019 / 12:09 AM / 12 days ago

Mexican oil regulator cancels Oct auctions to pick Pemex partners

MEXICO CITY, June 13 (Reuters) - Mexico’s oil regulator announced on Thursday the cancellation of auctions set for October to pick joint-venture partners for national oil company Pemex in seven onshore areas.

The cancellation was requested by Pemex, and marks a fresh blow to an energy reform enacted by Mexico’s previous government that allowed the firm to partner with private oil companies for the first time in a bid to reverse declining crude output.

The regulator’s announcement to cancel the tenders confirmed a Reuters report from earlier in the day. (Reporting by David Alire Garcia and Adriana Barrera Editing by Dave Graham)

Nuestros Estándares:Los principios Thomson Reuters
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