Pemex CEO Boosts Oil Production Forecast for This Year

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Petroleos Mexicanos, the state-owned oil company, expects 2011 oil production to be more than 2.6 million barrels a day, said Chief Executive Officer Juan Jose Suarez Coppel.

Suarez Coppel spoke today in Ciudad del Carmen in Mexico’s Campeche state, during a ceremony to commemorate the 73rd anniversary of the nation’s expropriation of foreign oil assets.