MEXICO CITY: Mexico’s government auctioned off all 25 onshore oil and gas fields offered on Tuesday (Wednesday in Manila), exceeding expectations as domestic startups won most contracts while billionaire Carlos Slim was the biggest loser.
The auction was the third this year following the 2014 enactment of a historic energy reform bill that opened the sector to private investors for the first time since 1938, breaking the monopoly of state firm Pemex.
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