Mexico Oil Platform in the Gulf of Mexico
MEXICO CITY (Reuters) – Mexico will soon offer investment opportunities in more of its mature oil fields and network of refineries, its energy minister told Reuters on Friday, adding that she did not believe low global energy prices were an obstacle to the plans.
However, Mexico was not considering reopening the auctions for new oil fields favored by many private and foreign companies, Energy Minister Rocio Nahle said in an interview.
A close confidant of leftist President Andres Manuel Lopez Obrador, Nahle emphasized that the government was not planning to cut crude production from state-owned oil company Pemex, even at its most expensive oilfields, amid a severe decline in global prices over the past month.
“All producing countries are maintaining output levels… Pemex is also doing that,” said Nahle, who also heads the Pemex board.
She also said there were no plans to suspend expensive infrastructure plans including the new $8 billion Dos Bocas oil refinery currently under construction.
Heavily indebted Pemex, which is teetering on the edge of a fresh downgrade by credit rating agencies, has suffered 15 consecutive years of falling oil output despite relatively low production costs in its mostly offshore portfolio of projects.
(Reporting by David Alire Garcia; Additional reporting by Adriana Barrera and Marianna Parraga; Editing by Marguerita Choy for Reuters).
Source: Reuters
Comments
more recommended stories
One in 20 people identifies as part of the LGBTI community in Yucatan (ENDISEG)Based on the National Survey on.
Canadian Expat Runs Over Motorcyclist in Progreso, YucatanA resident of Canadian origin accidentally.
SSP agents rescue workers held inside a property in Mérida’s San Sebastián neighborhoodAuthorities of the Yucatan State Government.
Hundreds of same-sex couples get married in Mexico City massive ceremonyIn Mexico City, hundreds of same-sex.
Four killed in Colombia as Bullring collapses (Watch Video)Four people were killed and about.
-
Six police officers were gunned down in Nuevo León, Mexico
Six police officers were killed and.
President Biden condemned human smuggling criminal networks and blamed them for the San Antonio tragedyPresident Joe Biden on Tuesday condemned human.
Tropical Storm Bonnie likely to form this week in the AtlanticPotential Tropical Cyclone Two is likely.
Fifty migrants found dead inside a truck in TexasIn one of the deadliest recent.
Heineken to invest US$90 million in new Mexico plantHeineken will build a 1.8 billion.
Leave a Comment