Mexican president-elect Lopez Obrador recently crossed the newswires saying that his administration would increase crude oil production to 2.5 million barrels per day from 1.9 million barrels per day, where it currently stands.
Key quotes (via Reuters)
- Will seek to revamp nation’s 6 refineries so they are operating a full capacity within 2 years.
- Plan to develop new refinery in dos Bocas in Mexico’s Tabasco state.
- Will look to boost hydroelectric energy production.
- Will invest 175 billion pesos next year in the energy sector.
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