Energy reforms: Tanker trucks at Mexican state oil firm Pemex’s refinery in Monterrey.The Zama field, discovered in 2017, will be operated by the state-owned producer. — Reuters
MEXICO CITY: Mexico’s energy ministry has designated Petroleos Mexicanos as the operator of the country’s largest oil discovery by private companies, in the latest sign of the government’s nationalist approach to the energy industry.
The Zama field, discovered in 2017 by a private consortium led by Talos Energy Inc, will be operated by the state-owned producer, according to a statement by Talos. The resolution ends a long-standing conflict between Pemex, as the state company is known, and the Houston-based producer over the field, which contains as many as one billion barrels of oil equivalent.
Limited time offer:
Just RM5 per month.
