Calderon Plans US$76.5bn for Hydrocarbons Output

Mexico’s President Felipe Calderon has unveiled his administration’s 2007-12 infrastructure development plan, which entails investments of 822bn pesos (US$76.5bn) in the production of hydrocarbons, according to plan documents. The plan outlines primary objectives of increasing E&P activities and reducing the divide between hydrocarbons extraction and the incorporation of new reserves. Calderon’s administration aims to minimize the country’s falling oil output in order to have a 2.5Mb/d level in 2012, down from 3.256Mb/d in 2006. In the plan’s so-called “outstanding scenario,” production would only fall to 3.2Mb/d by 2012.

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