Exploration & Production

Mexican oil and gas contracts safe under new president

The threat to Mexico’s private sector from President-elect Andrés Manuel López Obrador could be overstated, a former senior official tells Interfax Natural Gas Daily The threat to Mexico’s private sector from President-elect Andrés Manuel López Obrador could be overstated, a former senior official tells Interfax Natural Gas Daily.
By Chris Noon 4 July 2018 0 31593
President-elect Andrés Manual López Obrador in a meeting with current President Enrique Peña Nieto . President-elect Andrés Manual López Obrador (left) in a meeting with current President Enrique Peña Nieto on Tuesday. (PA)

Andrés Manuel López Obrador, who claimed victory in Mexico’s presidential election on Sunday, has again pledged to review oil and gas contracts awarded in recent years for signs of corruption. However, Marco Cota, the former director general for hydrocarbon exploration and extraction at Mexico’s Ministry of Energy, is confident the sector will stand up to scrutiny. 

Interfax Natural Gas Daily: How radical is López Obrador set to be regarding the energy sector? 

Marco Cota: The promises and proposals of a political campaign – like everywhere around the...