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Obrador says will not cancel previous govt oil contracts


Devdiscourse News Desk mexico city Mexico
Updated: 05-12-2018 20:29 IST
Obrador says will not cancel previous govt oil contracts

Lopez Obrador, who took office on Dec. 1, also said he wants to ensure oil companies are not using contracts for speculation, and are producing oil. (Image Credit: Twitter)

Mexican President Andres Manuel Lopez Obrador said on Wednesday that he will not cancel oil contracts awarded under the previous government's energy reform, but that he wants to see production from existing contracts before considering new auctions.

Lopez Obrador, who took office on Dec. 1, also said he wants to ensure oil companies are not using contracts for speculation, and are producing oil.

(With inputs from agencies.)

COUNTRY : Mexico

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