Sets local content rule for deep water oil projects
29 Mar 2016
Oil companies operating in Mexico's deep waters must use national suppliers for 8 percent of the projects by 2025. Mexico's oil regulator has scheduled its first-ever deep water auction in early December for 10 blocks in the Gulf of Mexico, after constitutional amendments in 2013 ended a nearly eight-decade monopoly by state oil firm Pemex. The rule sets a 3 percent minimum in 2015, which covered the few projects operated by Pemex, that would rise to a maximum of 8 percent in 2025, according to a statement in the government's official gazette.
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Type:
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Treatment and operation (Operational conditions)
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Industry:
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Primary (Mining and quarrying)
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