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Mexico formulates bid terms for block auction
June 21, 2018
Source: Reuters

Mexico formulates bid terms for block auction

Mexico’s oil regulator, National Hydrocarbons Commission, on Tuesday declared the main bid variables for the auction of 37 onshore blocks scheduled in September. The regulator also released the bid terms for the seven joint ventures on offer with the national oil company, Pemex to be hosted in October. The new bid variables shed the past practice of setting maximum and minimum values for the additional royalty.

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