Bad management stifles Pemex: regulator

摘要

Mexico City-Bad management-not a shortage of oil-lies behind the decline in Mexico's crude oil production, the nation's upstream regulator, the National Hydrocarbons Commission, said this week in its first annual report. In sharp criticism of the management of state Pemex, the report said there is no reason for the drop in crude production that began in 2004, the peak year at 3.4 million b/d, to less than 2.6 million b/d at present.