EFE | Mexico City

Mexican state-owned oil company Petroleos Mexicanos said it would identify priority blocks and regions for exploration and production activity under the country's new regulatory framework before March 21.

This preferential option for Pemex, a process known as "round zero," allows the company to determine the blocks it wants to reserve for itself on the basis of its "financial ability" to develop them and Pemex's "competitive advantages," among other factors, Pemex CFO Mario Alberto Beauregard said Thursday.

An image of Mexican state oil company Petroleos Mexicanos' Cangrejera petrochemical complex in the Gulf coast state of Veracruz. Pemex said it would i
An image of Mexican state oil company Petroleos Mexicanos' Cangrejera petrochemical complex in the Gulf coast state of Veracruz. Pemex said it would identify priority blocks and regions for exploration and production activity under the country's new regulatory framework before March 21. This preferential option for Pemex, a process known as "round zero," allows the company to determine the blocks it wants to reserve for itself on the basis of its "financial ability" to develop them and Pemex's "competitive advantages," among other factors, Pemex CFO Mario Alberto Beauregard said Thursday. EFE/PEMEX
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