Mexico opens bidding for oil exploration rights in Gulf as it ends 7-decade state monopoly

December 11, 2014 9:30 PM

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Mexico opens bidding for oil exploration rights in Gulf as it ends 7-decade state monopoly

FILE - In this Nov. 22, 2013, file photo, the Centenario deep-water drilling platform stands off the coast of Veracruz, Mexico in the Gulf of Mexico. Mexico's government announced on Thursday, Dec. 11, 2014 the start of bidding for oil exploration rights in 14 areas of the Gulf of Mexico being opened to domestic and international companies as it ends a seven-decade state monopoly on the petroleum business. (AP Photo/Dario Lopez-Mills, File) (The Associated Press)

MEXICO CITY – The government announced on Thursday the start of bidding for oil exploration rights in 14 areas of the Gulf of Mexico being opened to domestic and international companies as Mexico ends a seven-decade state monopoly on the petroleum business.

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