Only 9 of 25 firms in Mexico oil auction make offers
The La Muralla IV exploration oil rig
Mexico City - AFP
Only nine of 25 global energy firms and consortiums who qualified for Mexico's first oil auction made offers on Wednesday, officials said, as big oil companies shunned the sale.
Norway's Statoil, Italy's ENI and India's ONGC Videsh Ltd were among the few that made proposals for 14 shallow-water fields in the Gulf of Mexico, but US giant ExxonMobil and Anglo-Australian firm BHP Billiton stayed out, according to the National Hydrocarbon Commission.
A consortium led by one of Mexico's newest independent energy firms, Sierra Oil & Gas, was declared on Wednesday the first winner of the country's historic oil auction.
The group won a contract for one of the 14 oil blocks up for grabs after offering to give the state nearly 56 percent of proceeds, said the National Hydrocarbon Commission.
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Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
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London - DPA
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Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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Festive Fashion by Dubai-based designer ASMARAÏA
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All rights reserved to Arab Today Media Group 2021 ©
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