Pemex Board Member Proposes Oil Export Cuts, El Universal Says
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Petroleos Mexicanos, the state-owned company, should cut crude exports by 71 percent to 400,000 barrels a day to boost domestic refining, board member Fluvio Ruiz said, according to El Universal.
Pemex, as the oil producer is known, needs to reduce exports and pay less tax to invest more in refining capacity, the Mexico City-based newspaper said today, citing a statement from Ruiz.