Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico Begins Oil Contract Review

Mexico Begins Oil Contract Review

Mexico’s elected government has stayed true to President-elect’s campaign promise to review all oil contracts sealed by the previous administration and has started the review process for a contract with a consortium led by U.S. Talos Energy, Reuters reports .Talos Energy holds 45 percent in the venture, which also involves Premier Oil with 10 percent and Mexican independent Sierra Oil & Gas, with 45 percent. The chief executive of the Mexican company welcomed the review.“They should check everything,” Ivan Sandrea told Reuters. “Along with the entire industry . . .

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