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Pemex Production Drops Due to Budget Cuts

Posted by February 29, 2016

Production at Mexican state oil company Pemex is likely to fall by around 100,000 barrels per day (bpd) due to a current round of budget cuts at the firm, chief executive officer Jose Antonio Gonzalez Anaya said on Monday.
 
The drop should be reversed at some point, Gonzalez told a news conference, but he did not specify when.
 
 
(Reporting by Ana Isabel Martinez)

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