June 18, 2024

Justice for Gemmel

Stellar business, nonpareil

Mexican President Resists Pressure to Restart Oil Auctions

MEXICO CITY—President Andrés Manuel López Obrador is resisting pressure to restart auctions for oil drilling legal rights and permit non-public companies to have a increased function in the oil field, even as his authorities grapples with a stagnant economic climate and weak investment decision.

Senior authorities officers and non-public sector leaders have urged Mexico’s nationalist president to resume the overhaul of the vitality field released by his professional-market predecessor, Enrique Peña Nieto, as crude creation by condition oil enterprise Petróleos Mexicanos fell…