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LatinNews Regional Monitor: Mexico - 12 December 2018
In brief: Mexico
* Mexico’s national hydrocarbons commission (CNH), the sector regulator, has announced the cancellation of the second and third round of the ‘Second Round’ of oil concession auctions opened to private firms and scheduled to take place this month and in January 2019. In a statement the CNH explained that the cancellation of auctions came at the request of the federal energy ministry (Sener) following the announcement by President Andrés Manuel López Obrador after his 1 December inauguration that his administration will review the national energy sector policy and evaluate the results of the previous oil auctions carried out under the previous government before deciding whether to proceed with the auction process. The auction of oil concessions is part of the 2013-2014 energy sector reform that opened up Mexico’s oil sector to increased private participation in a bid to boost production. But López Obrador has always been critical of the reform and has said that his government will stop all oil exports and concentrate on producing oil solely for the domestic market.
