Date ArticleType
8/22/2018 Member News
Mexico’s López Obrador to Halt Oil Auctions for Two Years (Subscription Required)

Mexico's Lopez Obrador to Halt Oil Auctions for Two Years

By Juan Montes

MEXICO CITY—Mexican President-elect Andrés Manuel López Obrador will hold off auctioning any new oil blocks for at least two years and plans to modify laws to bolster the dominant role of state oil company Petróleos Mexicanos, according to two people with knowledge of the situation.

The incoming administration won’t propose changes to Mexico’s Constitution, which was amended in 2013 to allow for private investment in oil and gas, but will use its majority in Congress to tweak the hydrocarbons law, the people said.

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