Mexico falls short of oil auction goal

GMT 19:31 2015 Wednesday ,15 July

Arab Today, arab today Mexico falls short of oil auction goal

Mexico's first oil auction
Mexico City - Arab Today

 Mexico's historic first oil auction fell short of expectations on

Wednesday, with only two of 14 blocks in the Gulf of Mexico awarded, to a Mexican-led


The government had expected to auction off four to seven of the shallow-water oil fields.

But nine received zero offers while the group led by Sierra Oil & Gas was the only one to

make acceptable bids for two blocks.


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