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Videgaray Pledges Faster Timeframe for Mexico’s Oil Contracts

Mexico will offer its first oil contracts to private companies by early next year, Finance Minister Luis Videgaray said, pushing up the schedule for the first tenders from the Energy Ministry’s original timeframe.

“Some contracts will be a little more complex and it will take some time, but we expect the first few contracts to be announced to the market early next year,” Videgaray said in an interview on Bloomberg Television yesterday.