  |
|
Lagging crude exports hit Mexican trade balance: ministry
Platts
Mexico City
Petroleumworld.com 12 28 06A dwindling volume of crude exports contributed to a $1.57 billion trade
deficit for Mexico in November, according to preliminary figures published
late Tuesday by the finance ministry.
With the giant Cantarell field in the Sound of Campeche declining faster
than forecast and alternatives slow to come on stream, state-owned oil company
Pemex exported 1.788 million b/d of crude exports in November, down from 1.909
million b/d in the same month of last year. However, the average export price
of Mexican crude in November was $48.20/barrel, some $4.44 more than the same
month of last year.
As a result oil exports rose by 2% year-on-year to $2.92 billion,
including $2.59 billion of crude. That rate of growth, however, marked a sharp
contrast with the 26% recorded for the rest of the year.For more news, request a free trial to Platts Oilgram News at
http://www.platts.com/Request%20More%20Information/index.xml?story or
subscribe now at
http://www.platts.com/infostore/product_info.php?cPath=1_29&products_id=29
Platts 27 12 06
Copyright© 2001 Platts. All Rights Reserved.
Your
feedback is important to us!
We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com
Any
question or suggestions, please write to:
editor@petroleumworld.com
Best
Viewed with IE
5.01+
Windows
NT 4.0, '95, '98 and ME +/ 800x600 pixels