My San Antonio covers an Atlantic Council event hosted by the Adrienne Arsht Latin America Center on Mexico’s energy reform:
Mexican energy regulators on Tuesday expressed confidence that low oil prices won’t suppress activity as the country auctions exploration and production rights for the first time in more than 75 years.
“We don’t think the current low price is a big issue,” said Salvador Ugalde, head of the Hydrocarbon Income Unit at the Secretariat of Finance and Public Credit of Mexico, during a panel discussion at the Atlantic Council. “We know companies forecast for the long term, so we don’t want to have knee-jerk reactions on how we plan on putting the acreage up.”