LatinNews Daily - 20 June 2017

* The federal energy ministry (Sener) has announced that it has successfully awarded 10 of the 15 oil-exploration and production contracts on offer in the first phase of its ‘Round 2’ of oil concessions. A Sener statement said that the shared production contracts for areas in the shallow waters of the Gulf of Mexico have been awarded to foreign consortiums from Europe, Asia, and Latin America (namely Colombia’s state-owned oil firm Ecopetrol), as well as to the sate-owned oil firm Pemex, which secured two contracts in conjunction with foreign partners. The statement notes that the average level of operating profits offered to the Mexican state by the winning bids was 57.29% and that the concessions are expected to result in US$8.19bn in investments and in the creation of 82,000 direct and indirect jobs.

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