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Mexico aims to produce 1 million barrels more a day

Friday, July 3, 2015

Mexico plans to auction 914 onshore and offshore oil areas in the next five years as the historic opening of the country’s energy industry aims to add 1 million barrels per day of production by 2025.

The areas are estimated to have prospective resources of 107 billion barrels of oil equivalent, Deputy Energy Minister Lourdes Melgar said n a presentation.

Source: Bloomberg