Mexico OK Awarding Just 30% Of 14 Round One Oil Tenders

Reuters

MEXICO CITY, July 8 (Reuters) - Mexico's Energy Minister Pedro Joaquin Coldwell said on Wednesday that awarding just 30 to 50 percent of the 14 contracts up for tender as part of the first phase of a so-called Round One oil auction would be acceptable.

The tender is part of a sweeping energy overhaul finalized last year that ended Pemex's nearly 80-year-old monopoly and is aimed at luring private investment into the sagging sector.

(Reporting By Ana Isabel Martinez and Adriana Barrera)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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