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Mexican tender to pick new firm to handle oil and gas market comercialization receives no bids




By Reuters Staff

Petroleumworld 11 08 2017

A tender to select an oil and gas marketer for the Mexican government's share of output under new exploration and production contracts received no bids by a Monday deadline, the country's oil regulator said.

As a result, the auction was declared void, the National Hydrocarbons Commission (CNH) said in a statement. It did not provide further details.

The commission said later tweeted that it would launch a new tender process for the potentially lucrative marketing rights “in the coming days.”

Prior to a 2013 constitutional reform that ended the decades-long energy monopoly enjoyed by state-run oil company Petróleos Mexicanos, known as Pemex, all of Mexico's crude exports were marketed by the company's commercial arm, P.M.I. Comercio Internacional.

Reporting by Adriana Barrera from Reuters.

reuters.com 11 07 2017

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