Mexican Crude Falling, Will Drop More

Mexico, Jul 13 (Prensa Latina) The coming drop in Mexican hydrocarbon production together with a lack of new alternative sources is causing alarm among specialists, who doubt that trend’s reversal.

According to experts, the recent Petroleos Mexicanos Oil Company estimations of a 14 percent reduction in the total oil production over these next six years leaves no room for doubt.


This is a somber dark overview because the local economy grew at a higher rate than the Latin American average, thus they need to encourage investments, meet the internal demand, and diversify exports.

International Consultant company analysts associate the reduction in hydrocarbon production to the exhaustion of Cantarell, the largest oilfield in Mexico, the output of which has decreased over 26 percent in the two most recent years.

Prensa Latina