BBC News | Mexico opens up oil industry for first time in 80 years BBC News For the first time in nearly 80 years, Mexico has opened up its oil industry to foreign investors, selling off 14 exploration blocks in the Gulf of Mexico. However, only two of the blocks were sold in the auction, falling short of the government's ... Mexico is about to reopen its oil industry to foreign firms at a landmark auction New Oil Players Line Up to Bid on a Piece of Mexico Mexico awards 1st block in historic oil auction |