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Latin American Economy & Business - November 2018

Mexico: Mixed signs on the oil front

There remains a high level of uncertainty about the policy stance of the incoming government, particularly with regard to the key energy sector. In recent weeks, the incoming president, Andrés Manuel López Obrador (AMLO), has reassured investors to some extent, stating that oil auctions will continue, provided that foreign oil companies who won stakes in previous auctions begin pumping oil. However, the declaration that Mexico will cease exporting oil in the medium term has also caused concern.

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