Top
    Close photo mode

    Pemex spending, crude output slashed in 2017 Mexican budget

    The budget, submitted by Mexico's finance minister Jose Antonio Meade

    Baku. 12 September. REPORT.AZ/ Mexico's 2017 budget proposal will cut Pemex's budget by $5.3 billion to $20.7 billion, causing the state-controlled company's crude production to drop to 1.928 million b/d, the lowest since 1980, and 43.3% below the 3.4 million b/d peak posted in 2004, Report informs citing Platts.

    The budget, submitted by Mexico's finance minister Jose Antonio Meade to legislators  called for total cuts of $12.9 billion.
    Pemex's crude production has now fallen for 11 straight years. Through July of this year, the company's production averaged 2.2 million b/d.

    If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

    Last added

    At least one category must be selected

    All news


    Orphus sistemi