Mexico Parties Said to Seek License Option in Energy Opening
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Mexico’s two largest parties reached a preliminary accord that would give oil producers more control in riskier fields than the current government proposal, three people with direct knowledge of the agreement said.
The ruling PRI and opposition PAN parties will support a measure to allow the state to decide the type of contracts to be offered for each project, including service contracts, profit and production sharing and licenses, two of the people said, asking not to be identified as talks are private. Like the concession model proposed by PAN, licenses would grant broader operational control than the govenment’s initial profit-sharing model and allow companies to manage oil directly.