Mexico wants exploration rights in Gulf of Mexico
19-12-07
The Mexican government said it has taken legal steps to solidify its
claim and help start oil exploration in a section of the Gulf of Mexico
outside standard territorial limits.
The area lies outside both the United States and Mexico's 200-mile
territorial limits, a gap known as "the doughnut hole."
The Mexican government is seeking recognition for Mexico's right to the
area.
The two nations divided up the area under a bilateral agreement signed in
2001, in which Mexico obtained rights to about 60 % of the 6,500-sq-mile
gap. The agreement was intended to sort out potentially lucrative rights to
offshore oil exploration.
Source: www.Neftegaz.RU |