November 7, 2017 / 1:51 AM / 2 years ago

Tender to pick Mexico's new oil, gas marketer receives no bids

MEXICO CITY (Reuters) - A tender to select an oil and gas marketer for the Mexican government’s share of output under new exploration and production contracts received no bids by a Monday deadline, the country’s oil regulator said.

As a result, the auction was declared void, the National Hydrocarbons Commission (CNH) said in a statement. It did not provide further details.

The commission said later tweeted that it would launch a new tender process for the potentially lucrative marketing rights “in the coming days.”

Prior to a 2013 constitutional reform that ended the decades-long energy monopoly enjoyed by state-run oil company Petróleos Mexicanos [PEMX.UL], known as Pemex, all of Mexico’s crude exports were marketed by the company’s commercial arm, P.M.I. Comercio Internacional.

Reporting by Adriana Barrera, editing by G Crosse and Richard Chang

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