Pemex reform is top priority for Mexico's Peña Nieto

Mexico remains the third-largest source of foreign oil for the United States after Canada and Saudi Arabia. But the country’s easy-pump crude is quickly running dry, and the company lacks the technology and know-how to drill for the vast stores of tougher-to-reach deposits that are thought to exist beneath Mexico’s deserts and seas.

Fixing the company, Pemex, has become a top priority for Mexico’s new president, Enrique Peña Nieto.




Source: Washington Post