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Mexico's Pemex signs technology-transfer accord with shipbuilders

Mexico City, Jan 15 (EFE).- Mexican state oil company Petroleos Mexicanos on Wednesday signed a technology-transfer agreement with four domestic shipbuilders and Spain's Barreras. Pemex said in a statement that the goal of the accord was "to share experiences with the aim of boosting the capabilities of Mexico's shipbuilders and auxiliary industry."

Mexico's Pemex signs technology-transfer accord with shipbuilders

Mexico City, Jan 15 (EFE).- Mexican state oil company Petroleos Mexicanos on Wednesday signed a technology-transfer agreement with four domestic shipbuilders and Spain's Barreras. Pemex said in a statement that the goal of the accord was "to share experiences with the aim of boosting the capabilities of Mexico's shipbuilders and auxiliary industry."

Mexico: Overhaul will lead to additional $10 bn in annual energy sector FDI

Mexico City, Jan 9 (EFE).- Mexico will attract an additional $10 billion in annual foreign direct investment in its energy sector thanks to the overhaul passed by Congress in December, Energy Secretary Pedro Joaquin Coldwell said. That anticipated FDI is for the energy sector as a whole, including hydrocarbons and the electricity system, Coldwell said Wednesday at the Energy Secretariat's headquarters. The CIA World Factbook estimated that Mexico's FDI stock - including all economic sectors - amounted to just over $400 billion at the end of 2012.

Mexico ends 2013 with $176.52 billion in reserves

Mexico City, Jan 8 (EFE).- Mexico's foreign reserves rose by $13 billion in 2013, ending the year at $176.52 billion, the Bank of Mexico said. Foreign reserves grew by $7 million last week, totaling $176.58 billion as of Jan. 3, the central bank said in a statement. This was the 21st week with record reserves since the end of 2012, when Mexico's foreign reserves totaled $163.51 billion. Foreign reserves include currency holdings and gold owned by the central bank, as well as foreign exchange from borrowing, among other sources.

Mexico ends 2013 with $176.52 billion in reserves

Mexico City, Jan 8 (EFE).- Mexico's foreign reserves rose by $13 billion in 2013, ending the year at $176.52 billion, the Bank of Mexico said. Foreign reserves grew by $7 million last week, totaling $176.58 billion as of Jan. 3, the central bank said in a statement. This was the 21st week with record reserves since the end of 2012, when Mexico's foreign reserves totaled $163.51 billion. Foreign reserves include currency holdings and gold owned by the central bank, as well as foreign exchange from borrowing, among other sources.

Pemex plans to start exporting high-quality crude to Europe

Mexico City, Jan 6 (EFE).- State-owned oil giant Petroleos Mexicanos, or Pemex, said Monday it planned to start exporting high-grade Olmeca crude oil to Europe this month. "With these actions, we are seeking to diversify and bolster the participation of Mexican crude oil in the international market," Pemex said in a statement. The sale of Olmeca crude to Europe is part of a "trade strategy designed to expand exports of Mexican crude to alternative markets," Pemex said. Olmeca crude is Mexico's lightest grade of export petroleum, Pemex said.

Analysis: A new hope or false dawn for Mexico's oil refiners?

By David Alire Garcia TULA, Mexico (Reuters) - Mexico's oil refining industry, saddled for years with bloated costs, chronic underinvestment and generous government fuel subsidies, ought to be on the verge of a bright new dawn.

Mexico's oil revenues drop, but tax collection up

Mexico City, Dec 31 (EFE).- Mexico's oil revenues dropped 1.8 percent in the January-November period, compared to the same period in 2012, but non-petroleum tax revenues rose 3.9 percent, the government said. Public sector budget revenues fell 1.2 percent in real terms during the first 11 months of 2013, compared to the January-November period last year, the Finance Secretariat said. Oil revenues fell as a result of a drop in the average price of Mexico's crude exports, lower oil and gas production, and a stronger peso, the secretariat said in a report.

Pemex puts off awarding flotel contracts

Mexico City, Dec 31 (EFE).- State-owned oil giant Petroleos Mexicanos, or Pemex, has put off awarding contracts for the construction of two floating hotels, company representatives told Efe. Pemex was expected to annouce the winners of the contracts on Monday, but the decision has been postponed until the second half of January, the officials said. Two shipyards in the northwestern Spanish region of Galicia - Barreras, which is controlled by Pemex, and Navantia - are among the firms competing for the contracts to build the flotels, which will cost $190 million each.

Pemex puts off awarding flotel contracts

Mexico City, Dec 31 (EFE).- State-owned oil giant Petroleos Mexicanos, or Pemex, has put off awarding contracts for the construction of two floating hotels, company representatives told Efe. Pemex was expected to annouce the winners of the contracts on Monday, but the decision has been postponed until the second half of January, the officials said. Two shipyards in the northwestern Spanish region of Galicia - Barreras, which is controlled by Pemex, and Navantia - are among the firms competing for the contracts to build the flotels, which will cost $190 million each.
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