Originally posted by the Voice of America.
Voice of America content is produced by the Voice of America,
a United States federal government-sponsored entity, and is in
the public domain.


Oil Companies Press Mexican President to Resume Suspended Auctions

Reuters

   MEXICO CITY - Big oil companies operating in Mexico have launched a
   drive to convince leftist President Andres Manuel Lopez Obrador to
   resume auctions of oil and gas contracts he has branded a failure in
   reviving the industry.

   Chevron, ExxonMobil and Royal Dutch Shell, among other firms in
   Mexico's Association of Hydrocarbon Companies (Amexhi), say they have
   met output targets and investment pledges worth hundreds of millions of
   dollars in the initial phases of their contracts.

   "We've been complying (with contractual obligations), and by any metric
   you look at, we've been successful," Amexhi President Alberto de la
   Fuente told reporters this week.

   Now they want the government to restart the auctions initiated under a
   2013-2014 energy opening, including those to select partners for state
   oil firm Petroleos Mexicanos (Pemex).

.