国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Pemex discussing up to $4b fund with Chinese companies

By Bloomberg (China Daily) Updated: 2014-05-30 07:00

Pemex discussing up to $4b fund with Chinese companies

An undated picture shows a night view of part of the Petroleos Mexicanos (Pemex) Refinery at the Tula de Allende, Hidalgo state in Mexico. [Photo/IC] 

Petroleos Mexicanos, the state-owned oil producer, is in talks with Chinese companies to create a fund valued at up to $4 billion to invest and finance projects.

The proposed arrangement is in the "final stage of negotiations," Pemex, as the Mexico City-based oil producer is known, said in an e-mailed statement on Wednesday, correcting an earlier filing that said a deal had already been signed.

Pemex discussing up to $4b fund with Chinese companies
Pemex discussing up to $4b fund with Chinese companies
CNPC sees to invest at least $2b in Peru 
The Sino-Mex Energy Fund would be the largest Chinese investment fund in Latin America, according to the earlier statement sent to the Mexican Stock Exchange. The prospective agreement between Pemex's international unit PMI Comercio Internacional and Chinese companies including Xinxing Ductile Iron Pipes Co Ltd and SPF Capital Hong Kong Ltd, would finance large-scale projects and create jobs.

Pemex wants to increase sales to Asia and Europe to offset falling oil exports to the US, Mexico's largest crude buyer. US oil imports from Mexico have fallen 47 percent in the past decade, dropping to a 20-year low, according to the US Energy Information Administration.

Pemex announced plans this year to export light crude to Japan, India and Switzerland. It will continue to pursue new partners in Asia and the Pacific region, Gustavo Hernandez, Pemex's director of exploration and production, said last week.

Mexico signed an energy bill last year to end Pemex's production monopoly and allow for private investment in the oil industry. Pemex's production has fallen to 2.5 million barrels a day from 3.3 million in 2004.

The government is also considering creating a fund allowing it to partner third-party investors to develop fields, similar to Norway's Petoro AS. That may require as much as 30 percent participation in the contracts it seeks.

The continued decline in Mexican oil output "has been one of the causes" of weak economic growth in the first quarter, Carlos Capistran, Bank of America Corp's chief economist in Mexico, said in e-mailed report on Wednesday.

Hot Topics

Editor's Picks
...
...
吴江市| 富顺县| 诸暨市| 鹤峰县| 周口市| 永春县| 卓资县| 若羌县| 望谟县| 江西省| 五常市| 专栏| 水富县| 中江县| 常宁市| 公主岭市| 珲春市| 怀仁县| 盈江县| 溧水县| 临泽县| 绍兴县| 墨玉县| 武宁县| 呼图壁县| 唐河县| 宁城县| 华蓥市| 旌德县| 岑巩县| 牙克石市| 东方市| 河津市| 义马市| 华阴市| 辽中县| 青州市| 思南县| 富蕴县| 西乌珠穆沁旗| 扎赉特旗|