Pemex Output May Reach 3 Million Barrels in 2015-2017

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Petroleos Mexicanos, the state-run oil company, may see production rise to 3 million barrels a day in the period from 2015 to 2017, Juan Jose Suarez Coppel, chief executive officer said today.

Pemex, as the company is known, will cut losses in its refinery business by about 8 billion pesos this year, Suarez Coppel said at an event in Mexico City.