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Jobless Oilmen Left Waiting for Boom in Mexico

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Petroleos Mexicanos’ pledge to protect its 153,000-strong workforce from cuts ahead of the opening of Mexico’s oil industry is cold comfort for Daniel Aquino.

Until earlier this month, Aquino was a drill rig welder for contractor GSP Offshore BV. Now the father of two waits for work along with hundreds of others in a gated plaza in the island city of Ciudad del Carmen after Pemex eliminated outsourcing jobs.