Oil firms Vista and Jaguar ink strategic deal

Mexico (Notimex) - Mexican energy companies Vista Oil & Gas and Jaguar have signed a strategic deal for three onshore oil assets.

Two of the assets are in the state of Tabasco, and the other is in Veracruz.

The move represents the first joint venture between two private companies as a result of Mexico's oil auctions.

Vista CEO Miguel Galuccio said that the deal represents a solid step towards becoming an oil operating company, and consolidate Mexico as a key country in its panregional portfolio.

For his part, Dionisio Garza, chairman of Grupo Topaz, said that for Jaguar, this deal strengthens the company's comittment to strengthening Mexico's oil industry and boosting its economy.

Photo: Public Domain (CC0)

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