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Pemex changed from selling dollars to buying them

Wednesday, July 12th, 2017 Category: Company News
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Pemex changed from selling dollars to buying them

Pemex faces difficult times in its operations. The company has had to increase refined-products imports substantially to meet local demand and its oil exports have fallen at the same time. Pemex reported a negative balance to the country’s international dollars reserves for the first time since 1996.

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