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Industry holds its breath in Mexico

Andrés Manuel López Obrador, who has taken aim at the private sector, is almost certain to win Mexico’s election on Sunday. What’s in store for the industry? Andrés Manuel López Obrador, who has taken aim at the private sector, is almost certain to win Mexico’s election on Sunday. What’s in store for the industry?
By Chris Noon 29 June 2018 0 31523
Andrés Manuel López Obrador, the frontrunner in Mexico’s general election Andrés Manuel López Obrador, the frontrunner in Mexico’s general election. (PA)

Experts are divided on the prospects for private investment in Mexico’s energy sector if leftist candidate Andrés Manuel López Obrador wins in the country’s general election – as expected – on 1 July. 

The oil and gas industry is jittery about a López Obrador government because on the campaign trail he pledged to freeze private investment in exploration and production. 

There are fears this could include the cancellation of oil and gas contracts and future bid rounds, which are overseen by the National Hydrocarbons...