VOICED : Mexico quiere mas inversiones en petroleo

The Mexican government unveiled its plan for hydrocarbon exploration and extraction from 2015 to 2019, aiming to boost private investment and counter declining production. Since December, three licitation rounds have been announced, with the first set of blocks to be awarded on July 15, streamed live online. Mexico has faced a significant drop in Pemex's production, prompting a 2013 reform to open the sector to private investment for the first time in over 75 years. Falling oil prices and liquidity issues have led to more flexible licitation terms.

What is the main goal of Mexico's plan for hydrocarbon exploration and extraction from 2015 to 2019?

• To reduce foreign investment in the energy sector

• To boost private investment and reverse declining production

• To focus solely on renewable energy sources

• To increase state control over the energy sector

How many calls for bids has the Mexican government issued since December for land and shallow water fields?

• One

• Two

• Four

• Three

When is the first set of blocks expected to be awarded to companies?

• September 15

• August 15

• July 15

• June 15

What significant change occurred in Mexico's energy sector in 2013?

• All foreign investments were banned

• The focus shifted entirely to renewable energy

• Private investment was allowed for the first time in over 75 years

• The sector was nationalized

What factors led the Mexican government to make bidding terms more flexible?

• Falling oil prices and liquidity issues

• Pressure from environmental groups

• Rising oil prices

• Increased competition from other countries