Politics Cloud Mexico’s Promises

One of the most important races in the world is taking place right now in Mexico.

It’s a race against time.

In August, a good news/bad news report came from Luis Ramirez Corzo, director-general of exploration and production for Petroleros Mexicanos (Pemex).
The good news:

A nitrogen-injection program has helped delay the decline of Cantarell, Mexico’s biggest oil field and source of almost two-thirds of the country’s oil production.

The bad news:

Production from Cantarell will begin to decline in 2006, and the drop-off will be brutal — 14 percent a year, according to Ramirez.

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