Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Mexican presidential front-runner would review oil contracts
Updated 3:20 pm, Thursday, March 22, 2018
MEXICO CITY (AP) — Mexican presidential front-runner Andres Manuel Lopez Obrador said he would review dozens of concessionary contracts signed under the country's energy sector reform if elected to office.
In a roundtable talk with the Milenio television station aired late Wednesday, the leftist candidate said he would seek to revoke any contracts that did not benefit Mexico through appropriate legal channels.
"The procedure to revoke contracts, if they are bad, will be legal, we will not act in an authoritarian, arbitrary way," said Lopez Obrador, who is leading polls for July 1 presidential elections.
Mexico's oil and gas industry was under exclusive state control for decades, but current President Enrique Pena Nieto opened the sector to private firms under contracts that enabled the government to obtain a percentage of the production or profits.
More:
https://www.chron.com/news/world/article/Mexican-presidential-front-runner-would-review-12774034.php