04:26 GMT15 June 2021
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    Ambassador of Mexico to Russia Ruben Beltran Guerrero said that Russian energy giants LUKoil, Gazprom and Rosneft have expressed their interest in taking part in oil production projects in Mexico.

    MOSCOW (Sputnik)  Russian energy giants LUKoil, Gazprom and Rosneft have expressed their interest in taking part in oil production projects in Mexico, Ambassador of Mexico to Russia Ruben Beltran Guerrero told RIA Novosti.

    “Russia is currently not investing heavily into projects in Mexico. But there are signals from some companies, such as, for example, LUKoil and Gazprom. They are interested in participating in [Mexico’s] energy sector, the decision will be made based on tender results,” the ambassador said.

    Beltran noted that Mexico’s energy sector “may prove very interesting for Russian companies” and added that Rosneft also expressed its interest in development projects in the country.

    Beltran said that tenders for oil development projects off the coasts of Veracruz, Tabasco and Campeche states will begin in June 2015.

    Since December 2013, Mexico has been undertaking major energy reforms, under which for the first time in almost 80 years the state-run oil company Pemex and the Federal Electricity Commission (CFE) were granted permission to make deals with private companies and attract private investment in the development, extraction, transport and storage of oil, gas and electricity.

    Earlier, Russian oil and gas company Lukoil signed a cooperation agreement with Pemex, while Gazprom expressed its interest in the projects in Mexico.

    It was reported earlier that Mexico limited the number of oil exploration and production areas for which a single investor company or a consortium may bid, among the 14 projects in the Gulf of Mexico that were put up for tender.


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