The key issue: A high-ranking official in the Mexican government has said his country needs $20-30 billion per year to be invested into exploration and production to meet a domestic production target of 201 MMcm/d by 2024 – up from the current 136 MMcm/d.
Interfax analysis: Mexican NOC Pemex will need far more than its annual budget of $10.8 billion if it is to cope with rising domestic energy demand without increasing imports – which the government is keen to avoid – according to Abel...
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