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World's leading silver producer forms Mexican oil afilliate

Thursday, February 12, 2015

Mexico's Grupo Bal, the owner of the world's largest silver producer, has launched an oil company to take advantage of a landmark opening of Mexico's energy sector to private investment, a company spokesman said on Wednesday.

The company, to be called Petrobal, will be led by Carlos Morales, who resigned last year as head of exploration and production at state-run oil company Pemex, the spokesman said.

Source: Reuters