Email to editor
Email to Support
Thuglak Online Store
Cho's Collections


Kathadi Ramamurthi's


Tamil Telefilms
6 VCD/DVD Collections


Bharatanatyam
5 - VCD/DVD Collections


Yoga
8 - VCD/DVD Collections


Carnatic Music - Vocal
25 - VCD/DVD Collections


Devotional
21 - VCD/DVD Collections


Carnatic Music - Instrument
10 - VCD/DVD Collections


Mouli's
6 - VCD/DVD Collections


Crazy's
22 - VCD/DVD Collections


S.Ve.Shekher's
15 - VCD/DVD Collections


Kuchupudi
6 VCD/DVD Collections


Y.Gee.Mahendra's
8 - VCD/DVD Collections


Dummies Drama's
6 - VCD/DVD Collections

Mexico forecasts 4 percent drop in oil output in 2010

Category :International Sub Category :Americas
2009-08-29 00:00:00
   Views : 283

Mexico City, Aug 29 (EFE) Mexican authorities said they expect average daily crude output to fall in 2010 to 2.5 million barrels per day, which would represent a four percent drop compared with the first half of this year and a decline of 14 percent since 2008.

Mexican Energy Secretary Georgina Kessel and the head of state oil company Petrolos Mexicanos, or Pemex, Jesus Reyes Heroles, gave the same output estimate for 2010 in separate statements.

Both officials said the decline was due primarily to the steady depletion of the offshore Cantarell field, once Mexico's largest.

'We're seeing a significant decrease in ... Cantarell, and so for the coming year we're estimating that we're not going to be able to recover the levels of production we previously had,' Kessel said.

Kessel recalled that the energy ministry had forecast a sharp drop in production due to Cantarell's decline and predicted a gradual recovery over the next five years until a level of 3 million bpd is attained in 2015.

Nevertheless, she said 'at this time we're reviewing our figures and you'll know our forecast around the end of the year.'

For his part, Reyes Heroles said the country's oil output thus far this year has been 2.6 million barrels per day and that production next year is expected to fall to 2.5 million bpd.

The Pemex director noted that Cantarell used to account for 2.




Author :Indo Asian News Service



Bookmark and Share

Related News

  • Four human heads found in coolers in Mexico
  • India will grow at 6.3 percent: Manmohan Singh
  • Chandrayaan-I a 110 percent success, asserts ISRO chief
  • Pharma exports up 29 percent to $9.35 bn
  • India's monsoon deficit increases to 22 percent
  • Strong quake rocks Mexico
  • Blueline buses will be off Delhi roads by March 2010: officials
  • Air India cuts employees' incentives by 50 percent