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).
more recommended stories
Public apology to Yucatecan journalist sets historic precedent
In an event that marks a.
Quintana Roo entrepreneurs go out in search of foreign investment
In Chetumal, merchants are preparing to.
Burglary wave shakes up San Crisanto, Yucatan
The affected people call for greater.
New giant radio galaxies offer new insight of the universe
Radio galaxies get their name from.
Record breaking Cold streak in the Peninsula
According to UADY, there have not.
I will continue to use Facebook as long as they do not censor me: AMLO
President Andrés Manuel López Obrador assured.
The US says there is uncertainty about Mexico’s regulatory process, especially in the energy sector
The administration of Donald Trump warned.
Covid rebound in Mérida and the rest of Yucatan
This Sunday, January 17, there was.
Mexico accepts reduction of Pfizer vaccines and to allocate them to poor countries: AMLO
President López Obrador reported that his.
Doctor in charge of Covid-19 vaccination campaign in Mexico resigns
El Universal (January 18, 2021).- Dr. Miriam.