Mexico’s president-elect, Andres Manuel Lopez Obrador (AMLO) reaffirmed that his administration will spend more than US$2.63 billion to bring the state’s oil refinery company, Petroleos Mexicanos (Pemex), up to date. AMLO said he plans to update the six Pemex refineries in order to reduce imports and increase the country’s crude production
Mexico’s New President Reaffirms Commitment to Nationalize Oil Resources
During his campaign, Lopez Obrador said he wanted to ‘reactivate’ the state’s role in petrol production.
Por teleSUR
