OCR Text |
Show Foreign Companies to Open Weils in Mexico MEXICO CITY, Jan. 23. Foreign oil companies will be permitted to obtain provisional permits to drill new oil wells on condition that these permits shall be valid only until the Mexican congress enacts a new law regulating the petroleum industry, according to a decree issued by President Carranza. The president's decree followed the request of the American Association of Oil Producers in Mexico, who in a recent re-cent communication asserted that their Mexican wells were being exhausted ex-hausted and that there wore insufficient insuffi-cient pipe lines to transport the production pro-duction adequately. The decree says that the granting of the provisional permits is allowed on the understanding that It shall not -affect the various questions now being debated before the Judiciary nor shall It prejudice oil legislation now pending. pend-ing. oo |