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Mexico should hold no new oil auctions – presidential memo

Mexico should hold no further new oil auctions, though tie-ups with private investors in the extraction or refining of oil are not ruled out provided this does not affect the national interest, a memorandum by the country’s president said.

The 8-page memorandum seen by Reuters set out President Andres Manuel Lopez Obrador’s priorities in Mexico’s key oil and energy sectors.
Source: Reuters (Reporting by Adriana Barrera; Additional reporting by Dave Graham Writing by Anthony Esposito)

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