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Page added on September 23, 2008

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Mexican oil production falls 9 percent

MEXICO CITY: Mexico’s state-run oil company says output fell 9 percent to 2.83 million barrels a day in the first eight months of the year.


Petroleos Mexicanos says sagging oil production is due a drop at its main Cantarell oil field. Output there was down by 26 percent to 998,000 barrels a day.


The company said Monday that the decline helped cut exports to 1.43 million barrels a day, down 16 percent from the year-ago period.


AP



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