NAMI News
The latest trinational news.Tuesday, July 29, 2008
Mexico says reform won’t reverse oil woes fast.
Reuters, July 29, 2008 - “It will be hard for Mexico to restore flagging oil output before 2020 to recent levels of 3 million barrels per day, even if the government pushes through a plan to boost foreign investment in production efforts, a top energy official said on Tuesday. Mexico’s status as a top supplier of crude oil to the United States is under threat because of a steady fall in output, which in the last year has slipped below the country’s recent production goal of 3.0 million bpd. ‘What the country needs is to return to these levels for 2020. It will be hard to achieve that,’ Deputy Energy Minister Jordy Herrera told reporters after an oil sector event in Congress.” Read more.
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