mexico falls short of oil auction goal
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Mexico falls short of oil auction goal

Arab Today, arab today

Arab Today, arab today Mexico falls short of oil auction goal

Mexico's first oil auction
Mexico City - Arab Today

 Mexico's historic first oil auction fell short of expectations on

Wednesday, with only two of 14 blocks in the Gulf of Mexico awarded, to a Mexican-led

consortium.

The government had expected to auction off four to seven of the shallow-water oil fields.

But nine received zero offers while the group led by Sierra Oil & Gas was the only one to

make acceptable bids for two blocks.

 

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