AMLO Favors Cutting Red Tape on Pemex Partnerships
- Mexico’s President-Elect could change the law on Pemex
- Lopez Obrador is reviewing oil contracts already awarded
Photographer: Susana Gonzalez/Bloomberg
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Petroleos Mexicanos will be free to choose its own partners if Mexico’s next government has its way.
President-Elect Andres Manuel Lopez Obrador may seek to change a part of the 2014 energy reforms requiring Pemex receive regulatory approval when choosing partners in oil blocks, according to people with knowledge of the situation. Previously, Lopez Obrador has said that he will review the 107 contracts already awarded for signs of corruption.