Renaissance Oil Corp. RNSFF

RE:On Speaking to Management today.

[investor55x]

Finance Minister of Mexico says no new actions are on the table + new energy plan will be unveiled soon with the detailled projects that could be done.

Mexico to invite oil and gas investment, no auctions for now

ACAPULCO — Mexico will soon invite private firms to invest in oil and gas projects to help a flagging economy hit by the fallout of coronavirus, Finance Minister Arturo Herrera said on Wednesday, but cautioned energy auctions were not on the cards for now.

Herrera said a long-awaited energy plan will be unveiled soon that will detail where and how much private firms can invest.
“It’s not just a general outline, we’re going to tell them this project here, here and here, this amount and size is open to investment,” Herrera said in an interview on the sidelines of a banking conference in Acapulco.
Under President Andres Manuel Lopez Obrador, Mexico has pursued a more statist approach to the energy sector and suspended auctions of oil fields. Some members of his administration believe attracting more private capital is vital for lifting growth and that restarting such sales would send a strong message to investors that Mexico is open for business. Herrera has in the past signaled the issue should be reconsidered, despite the ongoing suspension. But, Herrera said even auctions for joint venture projects with state oil company Petroleos Mexicanos (Pemex) were not viable, after a rout in oil markets this week caused by a drop in fuel demand from the coronavirus outbreak and the collapse of a production cutting deal between major producers…

https://business.financialpost.com/pmn/business-pmn/mexico-to-invite-oil-and-gas-investment-no-auctions-for-now-2