Mexico Oil & Gas Q1 2019
President-elect Andrés Manuel López Obrador's shift towards a more investor-friendly approach to future upstreamtenders, supports our constructive long term outlook for Mexico. The planned tendering of onshore, shallow water and deepwateracreage will continue to take place over the next several years, all while active contracts advance into the production phase. AndrésManuel López Obrador has pledged to reaffirm Petróleos Mexicanos' (Pemex) position downstream by improving operations at its sixexisting refineries, providing much-needed support for the sector.
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