Wednesday, July 13, 2011

Excellent overview of the petroleum situation in Mexico

This overview by Eurasiareview on Mexican petroleum, including the status of Pemex and its current reserves, is very comprehensive and timely, and well worth a read.

Petroleum is declining in relative importance - it accounts for 14 percent of export earnings - yet as a cash cow to cover the federal budget, it remains critically important - a whopping third of the state's revenues.

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