China is big winner in Mexico oil auction

Mexico has invited outside investors into its energy sector after a gap of nearly 80 years. It sold several deep water exploration blocs in the Gulf of Mexico, with China being one of the big winners. Jonathan Wheatley talks to David Sheppard, the FT's energy markets editor, about the reforms, with clips from an interview they conducted recently with José Antonio Meade, Mexico's finance minister, and José Antonio González Anaya, chief exec of state oil company Pemex.