mexico Tag

Mexico’s state-run oil company Pemex announced on Friday the discovery of an oil field that could generate 500 million barrels of crude, making it the country’s biggest oil find in over 30 years. Pemex first discovered the Quesqui field, a 3P reserve, in the Southeastern state...

Glencore (LSE:GLEN) has taken advantage of the unshackling of Mexico’s oil sector by securing a joint venture transport fuels supply deal with national service station operator G500. Mexico’s state-owned petroleum company Pemex previously held an 8-decades long monopoly on all oil production, refining and marketing, including...