tag:blogger.com,1999:blog-1602023866179666640.post2377113557770748211..comments2024-03-22T00:30:54.666+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: Exclusive: Mexico's draft energy reform spans profit-sharing to licensesCreatewealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1602023866179666640.post-66048813863235579952013-12-14T12:25:28.187+08:002013-12-14T12:25:28.187+08:00Pemex aims to keep all of its current oil and gas ...<br />Pemex aims to keep all of its current oil and gas developments through the initial allocation of operating rights scheduled for the first half of 2014, chief executive Emilio Lozoya said on Friday according to a report.<br /><br />The allocation will be one of the first steps after Thursday's congressional approval of a sweeping energy overhaul that aims to lure major investment and boost oil and gas output in Latin America's second-biggest economy, Reuters reported.<br /><br />"Clearly, everything we have in production as well as areas where we've undertaken exploration and seismic studies and where we know that there's major hydrocarbon potential, we will also ask to keep those areas," Lozoya told Reuters.<br /><br />The so-called "round zero" gives Pemex first rights to explore and produce crude at the country's onshore and offshore fields, either by itself or in association with other companies.<br /><br />The proposal leaves Mexico with sovereign ownership of its reserves. But it lays out the framework for an independent regulatory system and allows a range of different contract models for foreign players.CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-33647108695933859072013-12-13T08:19:19.724+08:002013-12-13T08:19:19.724+08:00Mexico's Congress on Thursday approved a close...Mexico's Congress on Thursday approved a closely watched energy-reform bill, clearing constitutional changes poised to break a 75-year monopoly on the country's oil and gas sector by state company Pemex. CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.com