New CEO to Accelerate Reforms at Mexico’s Indebted Oil Company

  • Producer tasked to cut costs amid 12-year crude price low
  • Pemex 2015 reductions 43 percent less than industry average

The new CEO installed Monday at the head of Mexico’s state-owned oil company may help smooth the way for an additional cash injection from the government to help the producer cope with a prolonged crash in crude markets.

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