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Mexican authorities endorse Shell’s plan for five projects in the Gulf of Mexico

The Mexican National Commission for Hydrocarbons has approved the Shell’s exploration plan for five deepwater projects in the Gulf of Mexico, the regulator said.  The company's minimum investment in units located near the border with the United States should be $ 397 million over four years.  However, if successful, the amount of investment can grow to 1.3 billion dollars.  Four blocks are located in the pool Perdido, one - in Cuenca Salina.  Shell won the right to develop nine sites in the Gulf of Mexico in early 2018.  It is expected that the commission will soon approve the company's plans for exploration in the remaining four blocks.  Private and foreign investors gained access to the Mexican oil industry as a result of the energy reform launched in 2013, which has been repeatedly criticized by the country's president, Andres Manuel Lopez Obrador.