Low oil prices have Mexico considering a delay in the bidding of some exploration contracts

January 15, 2015 11:15 PM

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MEXICO CITY – Mexico's finance secretary says plunging oil prices may delay bidding on some oil and gas exploration and production contracts.

Luis Videgaray said in a radio interview Thursday it is likely bidding will be delayed for so-called unconventional exploration projects, such as shale deposits that are more challenging in terms of access or technology.

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