29 August 2009

Pemex Forecasts 4% Drop In 2010 Oil Production.

LAHT.
Mexican officials expect average daily crude production to fall in 2010 to 2.5 million barrels per day--a 4 percent drop compared to 2009 and a decline of 14 percent since 2008.
They blame the decline on the steady depletion of the giant Cantarell Field.