Pemex to increase production – Looking Ahead – Brief Article
Pemex plans to raise crude output by 11%, to 3.6 million bpd by the end of the year. It produced an average of 3.1 million bopd last year, but increased its daily output, to 3.3 million bbl in December, after the company completed maintenance at a major drilling site. Plans to boost production come as Mexico prepares to restrict its exports under an agreement with OPEC. Mexico is expected to export only 1.6 million bopd in first-half 2002.
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