ASSESSMENTS

Mexico: Pemex's Production Decline

Jan 20, 2009 | 22:51 GMT

EUNICE ADORNO/AFP/Getty Images

Summary

Output at Mexico's state oil company Petroleos Mexicanos fell 9 percent in 2008, its fastest drop since World War II. The company is unlikely to reverse that decline anytime soon, either.

With oil production falling dramatically, Mexican state-run oil company Pemex faces enormous challenges. ...

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