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

January 15, 2015 11:15 PM

4 0

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.

Also read: Tesla and Panasonic are working on a new solar project

Read more

To category page