Puerto Vallarta News

Puerto Vallarta News

pemex

Mexico’s proven oil and gas reserves fell 21 pct last year

Mexico's proven oil and gas reserves dropped 21.3 percent in 2015, the oil regulator said on Thursday, as the state-run oil company, Pemex, cut back on investment because of plunging crude prices. Proven reserves, known as 1P, fell to 10.242 billion barrels of oil equivalent, or …

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