© Reuters. Exclusive: Mexico to invite oil and gas investment, no auctions for nowBy Anthony Esposito and Abraham Gonzalez
ACAPULCO, Mexico (Reuters) – Mexico will soon invite private firms to invest in oil and gas projects to help a flagging economy hit by the fallout of coronavirus, Finance Minister Arturo Herrera said on Wednesday, but cautioned energy auctions were not on the cards for now.
Herrera said a long-awaited energy plan will be unveiled soon that will detail where and how much private firms can invest.
“It’s not just a general outline, we’re going to tell them this project here, here and here, this amount and size is open to investment,” Herrera said in an interview on the sidelines of a banking conference in Acapulco.
Under President Andres Manuel Lopez Obrador, Mexico has pursued a more statist approach to the energy sector and suspended auctions of oil fields.
Some members of his administration believe attracting…
