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Andres Manuel Lopez Obrador, the 64-year-old frontrunner, promises to build a refinery in his home state.
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President-elect Andres Manuel Lopez Obrador, who takes office on Saturday, plans to build a refinery in the Gulf of Mexico.
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To sweeten the deal, the government has also granted Albeptrol the right to build a refinery and licenses to transport and distribute natural gas.
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Kuwait Petroleum Corp has said it plans to build a refinery in China under a joint venture with Sinopec Corp 600028.SSSNP.NO386.HK.
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In June, Daelim Industrial said a 2.23 trillion won contract to build a refinery project in Iran was canceled due to financing problems.
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From the start, there were strong environmental protests against building a refinery in the earthquake-prone area.
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Zhejiang Petrochemical is building a refinery and petrochemical complex in the eastern Chinese province of Zhejiang.
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The deal covered cooperation between Iran, Ecuador and Venezuela on building a refinery and a petrochemical unit in Ecuador.