Pemex oil output up 1.7% from ’03 - August 22, 2004

Providing coverage of Alaska and northern Canada's oil and gas industryAugust 2004

Vol. 9, No. 34

Week of August 22, 2004

Pemex oil output up 1.7% from ’03

The Associated Press

Mexican state oil monopoly Petroleos Mexicanos said Aug. 16 it produced an average of 3.4 million barrels a day of crude oil in the first seven months of this year, up 1.7 percent from the like period in 2003.

In a statement, the consortium known as Pemex said natural gas output in the January-July period averaged 4.565 billion cubic feet a day, 2 percent more than in the first seven months of last year.

Pemex continued to increase the ratio of heavy crude to light crude, with heavy output in the first seven months of the year up 3.8 percent to 2.5 million barrels a day.

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