Pemex to spend $12 billion in 2004
Petroleum News
The state-owned energy company that provides one-third of Mexico’s revenues racked up a $3.7 billion net loss for 2003. It was the sixth consecutive year Pemex, Mexico’s only oil and gas producer, has reported an operating loss.
Pemex plans to spend a record $12 billion this year, $11 billion of whi....
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