Mexico Acts to Reduce Upstream Permitting Delays

摘要

Mexican upstream regulator CNH is working to streamline permitting procedures after complaints from oil companies that excessive bureaucracy is delaying projects, and signs are that President-elect Andres Manuel Lopez Obrador supports the effort. The move to speed up the process -- and Lopez Obrador's apparent approval -- is welcome news to producers, who face an uncertain future as the Dec. 1 handover of power looms. Lopez Obrador is a nationalist leftist who staunchly opposed Mexico's 2013 energy reform that ended state Pemex's monopoly and permitted private oil firms to bid for and operate upstream projects.