Pemex Sees Supreme Court Support for Oil Contracts

Petroleos Mexicanos, the state-owned oil company, said that the preliminary votes from Mexico’s Supreme Court mean that the new performance-based contracts are legitimate.
In a preliminary vote, nine Supreme Court justices upheld a regulation allowing Pemex to pay bonuses to contractors after they meet exploration and production goals, according to an e- mailed court transcript of today’s session.
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Source: Bloomberg