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Oil major BP is closely following oil auctions in Brazil and Mexico. which are expected to announce new awards later this year. to decide whether to submit bids aimed to expand its presence in the region. the firm’s chief for Latin America. Felipe Arbelaez. said on Monday.
Brazil will receive bids for blocks at its coveted presalt region in June and Mexico plans to announce results in September from two onshore rounds. including its first offer of unconventional areas for foreign investment.
Both countries will also hold presidential elections this year.
