Pemex imports more than it exports for the first time in 36 years

Mexico's state-owned oil company Pemex has imported more petroleum than it exported, marking the first time this has happened in 36 years, following a long period of declining production.

3 Jul, 22:08 — 3 Jul, 22:08

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Mexico NewsMixed44d ago

For the first time in 36 years Pemex is importing more than it exports

The imbalance comes after 15 years of falling production and in the midst of billions of dollars of support from the federal government, which is a factor in stalling economic growth. The post For the first time in 36 years Pemex is importing more than it exports appeared first on Mexico News Daily

By MND Staff

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Pemex imports more than it exports for the first time in 36 years

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For the first time in 36 years Pemex is importing more than it exports

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