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Pemex reports record balance of trade

Source: Agencia EFE - Mexico

Mexico’s state-run oil monopoly Petróleos Mexicanos (Pemex) reported a record surplus of US$18,275 million between January and October 2005, up 20% year-on-year. In a report, the company said its hydrocarbon and derivative exports added US$26,020 million, while oil-product, petrochemical and natural gas exports totaled US$7,745 million in the same period. Exports between January and October exceeded by US$2,263 million sales abroad registered in the same months of 2004.

Pemex sold a daily average of 1.8 million barrels of oil in the reference period, including its three qualities (Maya, Olmeca and Istmo), at a price of US$42.42 per barrel.

This abstract is provided by Internet Securities, Inc. as a service to its customers. Internet Securities, Inc. makes no representation or warranty regarding the accuracy or content of the translation.

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