Pemex Plans to Invest $269 Billion in Next 10 Years
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Petroleos Mexicanos, the state-owned oil company, plans to invest $269 billion by 2019 to increase production, the company’s chief executive officer said.
Pemex, as the company is known, should not have trouble having its planned investments approved by Congress and will spend about $27 billion a year over the next decade, CEO Juan Jose Suarez Coppel, said today at a conference in Mexico City.