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Mexico presidential favorite repeats call to review oil tender results 8:57pm EST [Reuters]

ROYAL DUTCH SHELL (RDS.B)  More Company Research Source: Reuters
US:NYSE Investor Relations: shell.com/investors.html
PDF Mexico presidential favorite repeats call to review oil tender results | Reuters Reuters Staff 2 Min Read MEXICO CITY (Reuters) - The leading candidate for Mexico’s presidential election, Andres Manuel Lopez Obrador, reiterated on Thursday his pledge to review oil contracts if elected, a day after the most successful auction since a landmark energy opening was finalized in 2014. Royal Dutch Shell Plc snapped up nine of 19 Gulf of Mexico oil and gas blocks awarded in the auction on Wednesday, as Mexico offered foreign energy firms the right to drill beneath prized deep waters that may contain billions of barrels of oil. “We’re going to review the contracts,” said Lopez Obrador, who is leading opinion polls five months before the July vote. Mexican officials estimated the auction could bring $93 billion in investment to the country as oil firms develop the areas they won. The stakes were high for Mexican President Enrique Pena Nieto and his struggling party, which wants to showcase the [Read more]

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