ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message …
Read More »Mexico’s once mighty Pemex oil firm faces bleak future
AFP Mexico’s state-run firm Pemex is bracing for massive budget cuts as it battles to avoid a bleakfuture mired in tumbling oil prices, falling production and rampant fuel thefts. President Enrique Pena Nieto has implemented an energy reform that ended the company’s seven-decade monopoly of the energy industry but also sought to inject new life into Pemex through partnerships with …
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