Mexico Cancels February Bidding Round On Oil Concessions

MEXICO CITY (AP) — The Mexican government has announced that it will cancel a planned round of bidding on oil exploration concessions. The announcement by the government's national oil commission is in line with previous statements by President Andres Manuel Lopez Obrador, who has said he will suspend new bidding for three years until he sees whether private companies are delivering projected investments and production. The cancelled auctions were scheduled for February and would have involved 37 onshore fields and nine non-conventional fields, a term that usually describes fracking.Read more on NewsOK.com

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News