Clearing a path for foreign investment in Pemex?

01/15/2008 | Bloomberg

Mexico's largest opposition party will back a plan to open the state oil monopoly to outside investment in deep-water drilling, pipelines and refining. Petroleos Mexicanos, or Pemex, needs outside help to explore and produce crude in waters deeper than 5,000 feet or it risks losing 1 million barrels a day of output by 2016, a new study says.

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