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Pemex is going to explore a new well

Pemex will start drilling the well bounding Tetlel-DL with the aim to reclassify the possible and probable reserves.

The National Hydrocarbons Commission (CNH) approved the drilling of this well in recent days, after reviewing the application submitted made by Pemex.

Wednesday, July 27th, 2016
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Gasoline Imports grows from closing the Cadereyta refinery

Mexico imported 504.600 barrels of gasoline in July. This figure represents the 62% of the national demand, according to Excelsior.

Wednesday, July 27th, 2016
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There is a date for Round Two

Mexican Government has announced that Round Two will be held on March 22, 2017. Mexican authorities are looking to grant oil contracts for US$11.250M.

Tuesday, July 26th, 2016
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Pemex and the Petroleum Union reached an agreement

Pemex and the Oil Workers Union of the Mexican Republic (STPRM) arranged a 3.17% salary increase. This new agreement was made within the framework of the 2016 salary review, the social benefits also increased.

Tuesday, July 26th, 2016
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Pemex┬┤s long-term debt

Pemex had to borrow money to remain operating. Last week, the state-oil company issued 10-year bonds, increasing significantly its long-term debt. The bonds worth US$771M.

Monday, July 25th, 2016
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Pemex keeps shutting-in wells

In the past three years, 946 wells producing oil and gas have been shut-in. Pemex reported 9.043 wells operating last May. It means a 9.47% reduction compared to 2013, when it were operating 9.989 wells.

Monday, July 25th, 2016
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