Publication Of Decree By Means Of Which Administrative Facilities For Obtaining New Concessions Over National Waters - Energy and Natural Resources - Mexico Law Articles in English - Mondaq Business Briefing - Books and Journals - VLEX 707791357

Publication Of Decree By Means Of Which Administrative Facilities For Obtaining New Concessions Over National Waters

Author:Mr Daniel Del Rio, Ricardo Evangelista and Mariana Arrieta Maza
Profession:Basham, Ringe y Correa, S.C.
 
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On 23 March 2018, the "Decree by means of which administrative facilities are set for obtaining new concessions or assignments over national waters to users that hold concession titles with a validity term expiring as from 1 January 2004," (herein after referred to as "Decree"), was published in the Federal Official Gazette, same that entered into force on 26 March 2018 and will be valid until next 31 December 2018.

The Decree of Administrative Facilities foresees the possibility to grant new concessions or assignments on behalf of, among others, those users that:

Did not request the extension of their concession titles in the terms prescribed by the National Waters Law, this is, no later than six months prior to the extinction of the respective title. Had filed their extension application after the terms prescribed by Law to do so and which are pending to be answered. Had been subject of partial cancellation pronouncements for what regards the volumes granted under concession and said cancellation rulings are definite,...

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