Mexico sees crude output recovering by 2011

Mexico’s faltering crude oil output should begin to recover next year or in 2011, Energy Minister Georgina Kessel told Reuters on Sunday.

Mexico, whose oil exports plunged 18 percent in April to levels unseen since 1990 outside hurricane seasons hopes to see its crude oil output rise to 3 million barrels per day by 2015, Kessel said.

“We expect that by next year or the year production will begin to recover to the kind of levels that we had previously,” Kessel said in an interview on the sidelines of a meeting of the Group of Eight energy ministers in Rome.
Reuters