México’s state-owned Petróleos Mexicanos (Pemex) announced it is planning to
invest $27.7 billion in 2014, the most in its history. The parastatal said the
vast majority of the investment will go toward crude oil exploration and
production.
Emilio Lozoya, Chief Executive Officer of Pemex, said, “This year, Pemex will invest the historic figure of almost $28 billion, 85 percent in exploration and production of crude oil and gas.”
The investment for 2014 is 6.5 percent greater than the amount it invested in 2013 and 154.1 percent greater than its investment a decade ago.
Lozoya noted that “in order to develop to the maximum potential the hydrocarbons in the country, it will require investing more than $60 billion per year.”
Pemex is expected to produce an average of 2.52 million barrels of crude per day in 2014, the same output as in 2013, and will export 1.17 million barrels of that, slightly less than the exports reported for last year.
(from Latin America Herald Tribune)
Emilio Lozoya, Chief Executive Officer of Pemex, said, “This year, Pemex will invest the historic figure of almost $28 billion, 85 percent in exploration and production of crude oil and gas.”
The investment for 2014 is 6.5 percent greater than the amount it invested in 2013 and 154.1 percent greater than its investment a decade ago.
Lozoya noted that “in order to develop to the maximum potential the hydrocarbons in the country, it will require investing more than $60 billion per year.”
Pemex is expected to produce an average of 2.52 million barrels of crude per day in 2014, the same output as in 2013, and will export 1.17 million barrels of that, slightly less than the exports reported for last year.
(from Latin America Herald Tribune)
No comments:
Post a Comment