There will be no new exploration and production contracts on the table for private or foreign companies in Mexico under a government plan set to be made public soon. “We don’t expect that there will be anything new in exploration and extraction in this infrastructure plan,” the head of Mexico’s oil industry association AMEXHI told Reuters in an interview. The infrastructure plan is the Mexican government’s attempt to stimulate economic growth, but according to AMEXHI’s head, Merlin Cochran, it will not involve a focus on the energy industry in the form of new projects. New joint ventures for Pemex are also unlikely, Cochran told Reuters. Earlier this week, it emerged that Mexico might have to cut its production target for 2021 as total output continued to fall steadily. President Andres Manuel Lopez Obrador has ambitious plans for reversing this fall, but this plan relies exclusively on state player Pemex, […]