November 7, 2017 / 1:51 AM / 4 months 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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below