Round Zero makes Pemex major player

Mexican regulators on Wednesday granted Pemex the bulk of its acreage request as the nation's oil industry opens to private participation, consolidating the state-led company's status as a major force despite losing its monopoly status.

Round Zero: Mexico Energy Secretary Joaquin Caldwell presents Pemex chief executive Emilio Lozoya Austin with first acreage assignment
Round Zero: Mexico Energy Secretary Joaquin Caldwell presents Pemex chief executive Emilio Lozoya Austin with first acreage assignment
Published 13 August 2014, 18:38Updated 11 October 2016, 15:39