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Terms sweetened for Mexican oil auctions

Wednesday, August 26, 2015

Oil companies competing in the next phase of Mexico's historic Round One auction will know the minimum level of profits demanded by the government prior to the auction, the sector regulator said on Tuesday, in a bid to raise investor interest.

The oil regulator, known by its Spanish-language acronym CNH, also said it will offer companies the possibility to conduct additional exploration and extraction beyond reserves that have already been discovered.

Source: Reuters