Pemex published production figures for October, reporting a new decrease in this month. The firm had reported an increase in September, but the firm lost the ground gained this month, reaching historical low levels.
The Organization of Petroleum Exporting Countries (OPEC) warned about the country’s production levels.
Pemex continues to report poor operational metrics around the country. This situation has generated economic crisis in various oil producing areas and the southern region is one of the most affected.
According to Tabasco’s governor, Arturo Nuñez, the oil crisis ‘sank’ the economy of Tabasco, altering the state’s budget.
After sending ‘go away’ messages to the industry during his campaign, AMLO confirmed that he will seek to improve production levels in Mexico together with foreign firms.
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