> >

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

Firstpost Wednesday, 29 August 2018
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.

Recent related news from verified sources

Iraq names oil minister as head of new National Oil Company

Iraq's government has named Oil Minister Jabar al-Luaibi as head of a new National Oil Company which will serve as an umbrella organisation for state oil firms,...
Reuters India - Business

PM urges oil suppliers to review payment terms to give relief to rupee

PM Narendra Modi was speaking to oil ministers and chief executives of oil majors at a round table in New Delhi, a government statement said. "He requested for...
IndiaTimes - Sports

US sanctions against Iran: Centre says no issues with oil supplies, sentiment hurting price

Refusing to say if India has sought a waiver of sanctions from the US as to continue purchasing crude oil from Iran, oil minister Dharmendra Pradhan said he has...
IndiaTimes - Business

You Might Like

Tweets about this

Other recent news in Business

UK PM May to brief 150 CEOs on BREXIT negotiations on Friday - FTRELIANCE INDUSTRIES halts Iranian oil imports ahead of US sanctions
TATA GROUP in talks to buy stake in Jet Airways - Times of IndiaDanske Bank forced to resume CEO SEARCH after regulator's rejection

Recent related videos from verified sources

Oil Prices Up For Day, Down For Week [Video]Oil Prices Up For Day, Down For Week 00:37

TOKYO (Reuters) - Oil prices rose on Friday slightly reversing two days of declines in the previous sessions driven by sharp falls in equity markets and indications that supply concerns have been..

Credit: Wochit Business - Published

Oil Producers Resume Drilling Operations In Gulf [Video]Oil Producers Resume Drilling Operations In Gulf 00:32

According to Reuters, oil rigs in the Gulf of Mexico are slowly going back online, after Hurricane Michael passed through the offshore region. The storm forced oil produces to shut down their offshore..

Credit: Wochit News - Published

Drilling Operations Resume In Gulf Of Mexico [Video]Drilling Operations Resume In Gulf Of Mexico 00:40

According to Reuters, oil producers in the US are restoring drilling operations in the Gulf of Mexico. More than 90 offshore facilities are going back online, after their crews were evacuated ahead of..

Credit: Wochit Business - Published

Oil Drops 2.5 Percent As Equity Markets Fall [Video]Oil Drops 2.5 Percent As Equity Markets Fall 01:03

According to Reuters, Oil prices slumped to more than two-week lows on Thursday as global stock markets fell, with investor sentiment made more bearish by U.S. government data that showed domestic..

Credit: Wochit Business - Published

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2018 newsR / One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest