mazmessenger.com
México’s state-owned oil
company, Petróleos Mexicanos (Pemex), said that it expects to save more than
21.3 billion pesos ($1.45 billion) by consolidating the procurement process by
2018.
A spokesperson for Pemex said
the company has cut its number of procurement offices from 120 to 51, and will
further reduce the number to between 20 and 25 by the end of this
year.
Pemex said by the end of last
year it had already realized about a third of the projected savings from
streamlining its purchases of goods and services and expects the remaining
two-thirds to be realized by 2018.
The falling price of
international oil prices to five-year lows has caused oil companies to reduce
their operating costs.
(from Yahoo Finance)
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