Mexico should hold no new oil auctions: presidential memo – Reuters

FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador speaks during a news conference at the Pemex’s refinery Antonio Dovali Jaime in Salina Cruz, State of Oaxaca, Mexico July 25, 2020. Mexico’s Presidency/Handout via REUTERS 1

MEXICO CITY (Reuters) – Mexico should hold no further new oil auctions, though tie-ups with private investors in the extraction or refining of oil are not ruled out provided this does not affect the national interest, a memorandum by the country’s president said.

The 8-page memorandum seen by Reuters set out President Andres Manuel Lopez Obrador’s priorities in Mexico’s key oil and energy sectors.

Reporting by Adriana Barrera; Additional reporting by Dave Graham; Writing by Anthony Esposito

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