Mexico 2017 Budget Cuts to Push Pemex Output to 36-Year LowBy and
Government proposes reduction of 86 billion pesos from 2016
Pemex says more cuts could come from within the company
Petroleos Mexicanos’s oil and natural gas production is poised to fall to its lowest level since 1980 after lawmakers approve an 86-billion-peso ($4.6 billion) budget cut proposed by the Finance Ministry.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.