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Mexico's Carlos Slim eyes Guatemalan energy

Friday, July 12, 2013

Mexican billionaire Carlos Slim is interested in investing in oil and natural gas exploration in Guatemala, Guatemalan presidential spokesman Francisco Cuevas said.

Slim, who briefly visited the country on Wednesday, met with President Otto Perez to discuss investment options, which also include building a train line between southern Mexico and Guatemala.

Lacking a major refinery, most of Guatemala's oil, which is heavy crude, is exported to the United States and Canada.

Source: Reuters