Mexico’s Pemex Boasts Billion-Barrel Oil Discovery ...Middle East

Economy by : (OILPRICE) -
Mexico’s Pemex has discovered a gigantic oilfield in the state of Tabasco that could hold as much as one billion barrels of oil, Octavio Romero Oropeza, chief executive of the state oil firm, said in an interview with the Mexican state broadcaster on Sunday.   Pemex, the most heavily indebted oil company in the world, has been struggling to reverse the decline in its oil production, even after leftist nationalist Mexican President Andrés Manuel López Obrador came to power in 2018, offering increased support to the state…

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