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Mexico investigates soccer team owned by man whose company allegedly defrauded Citigroup

MEXICO CITY - Mexican authorities are investigating whether the owner of a Mexican oil services company that allegedly defrauded Citigroup used his professional soccer team to launder money. An official with the Attorney General's Office says Amado Yanez owns Oceanografia SA de CV and the White Roosters, a Queretaro-based team in Mexico's first division soccer league.

Spanish shipyard unveils plans for Pemex flotel

Ferrol, Spain, Mar 5 (EFE).- Navantia shipyard CEO Jose Manuel Revuelta said work was underway on a floating hotel, or flotel, for state-owned oil giant Petroleos Mexicanos, or Pemex, and the shipbuilding company was incorporating a management system designed to improve efficiency. Revuelta met on Tuesday with the team responsible for building the flotel, which will be used to house workers from Pemex's offshore rigs. Pemex awarded contracts to construct two flotels to Navantia and another Spanish shipyard, Hijos de J. Barreras, in January.

Spanish shipyard unveils plans for Pemex flotel

Ferrol, Spain, Mar 5 (EFE).- Navantia shipyard CEO Jose Manuel Revuelta said work was underway on a floating hotel, or flotel, for state-owned oil giant Petroleos Mexicanos, or Pemex, and the shipbuilding company was incorporating a management system designed to improve efficiency. Revuelta met on Tuesday with the team responsible for building the flotel, which will be used to house workers from Pemex's offshore rigs. Pemex awarded contracts to construct two flotels to Navantia and another Spanish shipyard, Hijos de J. Barreras, in January.

Mexico's foreign reserves rise by $1.15 bn

Mexico City, Mar 5 (EFE).- Mexico's foreign reserves rose by $1.15 billion last week to $180.85 billion, the Bank of Mexico said. Gold and foreign currency reserves increased in the week ending Feb. 28 mainly due to the sale of $1 billion by state-owned oil giant Petroleos Mexicanos, or Pemex, to the Bank of Mexico. Reserves have grown by $4.33 billion since Jan. 1, the Bank of Mexico said in a statement.

Mexico's foreign reserves rise by $1.15 bn

Mexico City, Mar 5 (EFE).- Mexico's foreign reserves rose by $1.15 billion last week to $180.85 billion, the Bank of Mexico said. Gold and foreign currency reserves increased in the week ending Feb. 28 mainly due to the sale of $1 billion by state-owned oil giant Petroleos Mexicanos, or Pemex, to the Bank of Mexico. Reserves have grown by $4.33 billion since Jan. 1, the Bank of Mexico said in a statement.

Pemex plans to invest 27.7 bn in 2014

Mexico City, Mar 3 (EFE).- Mexico's state-owned oil firm Petroleos Mexicanos, or Pemex, is planning to invest $27.7 billion in 2014, the most in its history and the vast majority of which will go toward crude oil exploration and production. "This year, Pemex will invest the historic figure of almost $28 billion, 85 percent in exploration and production of crude oil and gas," said company chief Emilio Lozoya on Monday at an energy forum in the northwestern Mexican city of Los Cabos.

Pemex plans to invest 27.7 bn in 2014

Mexico City, Mar 3 (EFE).- Mexico's state-owned oil firm Petroleos Mexicanos, or Pemex, is planning to invest $27.7 billion in 2014, the most in its history and the vast majority of which will go toward crude oil exploration and production. "This year, Pemex will invest the historic figure of almost $28 billion, 85 percent in exploration and production of crude oil and gas," said company chief Emilio Lozoya on Monday at an energy forum in the northwestern Mexican city of Los Cabos.

Mexico's Pemex to identify priority blocks, regions in March

Mexico City, Feb 28 (EFE).- Mexican state-owned oil company Petroleos Mexicanos said it would identify priority blocks and regions for exploration and production activity under the country's new regulatory framework before March 21. This preferential option for Pemex, a process known as "round zero," allows the company to determine the blocks it wants to reserve for itself on the basis of its "financial ability" to develop them and Pemex's "competitive advantages," among other factors, Pemex CFO Mario Alberto Beauregard said Thursday.

Mexico's Pemex to identify priority blocks, regions in March

Mexico City, Feb 28 (EFE).- Mexican state-owned oil company Petroleos Mexicanos said it would identify priority blocks and regions for exploration and production activity under the country's new regulatory framework before March 21. This preferential option for Pemex, a process known as "round zero," allows the company to determine the blocks it wants to reserve for itself on the basis of its "financial ability" to develop them and Pemex's "competitive advantages," among other factors, Pemex CFO Mario Alberto Beauregard said Thursday.

Mexico's Pemex to invest $3.4 bn in diesel production

Mexico City, Feb 27 (EFE).- Mexican state-owned oil company Petroleos Mexicanos says it plans to invest $3.4 billion to build four new ultra-low-sulfur diesel plants and modernize 14 others. The new plants will be built at three different existing refineries: Madero (northeastern state of Tamaulipas), Minatitlan (Gulf coast state of Veracruz) and Salamanca (central state of Guanajuato), Pemex said in a statement Wednesday.
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