Volkswagen de Mexico Workers Reach deal
The Volkswagen company of Mexico and the firm's union reached an agreement Saturday ending the strike that began earlier this week at the auto factory in mexico. Volkswagen reached a wage agreement with workers at its Mexican plant, who agreed to lift a five-day-old strike....
Mexicos 2010 Budget Plan Sees 2.5MB/D Crude Output
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Oil
Posted August 11th, 2009 at 2:20 pm
Mexicos 2010 Budget Plan Sees 2.5MB/D Crude Output
Mexico’s oil production may fall 4.9 percent next year as the nation faces the greatest “fiscal shock” in 30 years, said Finance Minister Agustin Carstens told a Senate committee today.
Lower output is costing the nation as much as 300 billion pesos ($23.05 billion) in lost sales annually and may create a deficit in the federal budget next year, Carstens said. Oil revenue funded 38 percent of the government’s budget last year.
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U.S., Mexico Probe Oil Thefts From Pemex
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Oil
Posted August 11th, 2009 at 2:16 pm
US officials handed $2.4 million in proceeds from stolen oil products to Mexican authorities as part of a case against a Houston importer.
US refineries bought millions of dollars worth of oil stolen from Mexican government pipelines and smuggled across the border, the US Justice....
