Summary : Petroleos Mexicanos (Pemex) is ready to invest billions of dollars in a disputed major Gulf of Mexico oil field once its U.S. partner Talos Energy accepts Pemex will run the project, the chief executive of the Mexican state oil company said. We hope they’ll finally accept, and that we can get the project started,” Pemex Chief Executive Octavio Romero told Reuters in an interview at a boardroom at the company’s Mexico City headquarters. It has been at loggerheads with Mexico since the Lopez Obrador administration decided to make Pemex the operator of the field in July 2021.
Lopez Obrador froze the oil and gas auctions, and his drive to favor Pemex and the national power utility culminated last week in the United States requesting dispute settlement talks with Mexico over its energy policy under USMCA.
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