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Mexican Pemex Jan-Oct 2005 Trade Surplus Record High at $18.275 Bln

Invertia

Mexican state owned oil and gas company Petroleos Mexicanos (Pemex) posted a record high surplus from crude oil trade standing at $18.275 bln (15.5 bln euro) between January and October 2005, rising 20 pct year-on-year, the company said on November 20, 2005.

The exports of crude oil and derivatives totalled $26.02 bln (22.1 bln euro) in the period, while the imports totalled $7.745 bln (6.57 bln euro).

The exports value of Pemex over the period exceeded by $2.263 bln (1.92 bln euro) that in the same period of 2004.

Pemex sold an average daily 1.8 million barrels of crude oil at an average price of $42.42 (36 euro) per barrel.

Exports of Maya heavy crude oil stood at 1.5 million bpd, totalling $18.573 bln (15.91 bln euro) over the period.

(Note: Unless otherwise stated, all figures/comparisons are for Jan-Oct 2005/Jan-Oct 2004.)

(one barrel=159 litres)

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