Crude Price No Obstacle as Mexico Sells All Areas Auctioned
- All 25 Mexico onshore areas up for auction were sold
- Mexican, Canadian, Dutch and U.S. companies among winners
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The opening of Mexico’s oil industry is warming up after a slow start.
Mexico awarded all of its 25 onshore fields auctioned Tuesday, defying the six-year low in crude prices that has dogged the worldwide oil industry. Previous sales received less interest than expected, marking a disappointing beginning to the country’s efforts to bring in private companies.