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	<title>Mexico &#124; News &#124; Travel &#124; Culture &#124; Economy &#187; Oil</title>
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	<description>Mexico News &#38;  Culture Blog</description>
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		<title>The Board of Directors of Petróleos Mexicanos to decide it&#8217;s strategy towards Repsol</title>
		<link>http://www.mexico.vg/businesses/petroleos-mexicanos-strategy-towards-repsol/7553</link>
		<comments>http://www.mexico.vg/businesses/petroleos-mexicanos-strategy-towards-repsol/7553#comments</comments>
		<pubDate>Wed, 28 Dec 2011 23:42:42 +0000</pubDate>
		<dc:creator>Mexico</dc:creator>
				<category><![CDATA[Businesses]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[Juan José Suárez Coppel]]></category>
		<category><![CDATA[PEMEX]]></category>
		<category><![CDATA[Repsol]]></category>

		<guid isPermaLink="false">http://www.mexico.vg/?p=7553</guid>
		<description><![CDATA[On  January 5th the Board of Directors of Petróleos Mexicanos will decide it&#8217;s new strategy towards Repsol. Among the decisions it could take is raising its stake or sell part of it&#8217;s interest in the Spanish oil company. Pemex&#8217;s director, Juan Jose Suarez Coppel said it is still possible for it  to sign an industrial agreement involving greater collaboration between companies. Revealed that among the considerations discussed is that by increasing the participation of Pemex, [...]]]></description>
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		<title>Pemex has reported the discovery of a new natural gas field in the Gulf of Mexico</title>
		<link>http://www.mexico.vg/businesses/discovery-of-a-new-natural-gas/7451</link>
		<comments>http://www.mexico.vg/businesses/discovery-of-a-new-natural-gas/7451#comments</comments>
		<pubDate>Thu, 01 Dec 2011 21:02:12 +0000</pubDate>
		<dc:creator>Mexico</dc:creator>
				<category><![CDATA[Businesses]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[Gulf of Mexico]]></category>
		<category><![CDATA[Mexicos Natural Gas]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[New Gas Reserves]]></category>
		<category><![CDATA[PEMEX]]></category>

		<guid isPermaLink="false">http://www.mexico.vg/?p=7451</guid>
		<description><![CDATA[After production testing, Petroleos Mexicanos (Pemex), reported the discovery of a new natural gas field in the Gulf of Mexico. In a statement, PEMEX said preliminarily estimated that the findings raise an incorporation of 3P reserves to 400.000 million cubic feet of gas with an estimated production of 27 million cubic feet per day. The well was discovered Nen 1 where the field is located in the province of Catemaco Fold Belt, 113 kilometers northwest [...]]]></description>
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		<item>
		<title>Shale exploration and production could create 1.5 million direct and indirect jobs over the next 15 years</title>
		<link>http://www.mexico.vg/oil/shale-exploration-and-production/7417</link>
		<comments>http://www.mexico.vg/oil/shale-exploration-and-production/7417#comments</comments>
		<pubDate>Thu, 17 Nov 2011 19:33:09 +0000</pubDate>
		<dc:creator>Mexico</dc:creator>
				<category><![CDATA[Oil]]></category>
		<category><![CDATA[Shale Exploration and Production]]></category>
		<category><![CDATA[Shale Gas]]></category>
		<category><![CDATA[Shale Gas Projects]]></category>

		<guid isPermaLink="false">http://www.mexico.vg/?p=7417</guid>
		<description><![CDATA[Mexico could attract as much as $10 billion of investment per year with shale gas projects, Energy Minister Jordy Herrera said at an event in Mexico City. The U.S. Energy Department estimates Mexico has 680 trillion cubic feet of shale gas and has the fourth-largest potential deposits behind China, the U.S. and Argentina, Herrera said. Herrera said the government is evaluating its strategy for producing shale gas. Shale exploration and production could create 1.5 million [...]]]></description>
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		<title>Petrodec Limited won a bidding process to supply gas in 2012 and 2013</title>
		<link>http://www.mexico.vg/oil/petrodec-limited-liquefied-petroleum-gas-trading-company/7351</link>
		<comments>http://www.mexico.vg/oil/petrodec-limited-liquefied-petroleum-gas-trading-company/7351#comments</comments>
		<pubDate>Fri, 04 Nov 2011 21:48:19 +0000</pubDate>
		<dc:creator>Mexico</dc:creator>
				<category><![CDATA[Government]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[PEMEX]]></category>
		<category><![CDATA[Petrodec Limited]]></category>

		<guid isPermaLink="false">http://www.mexico.vg/?p=7351</guid>
		<description><![CDATA[Mexico&#8217;s state-owned oil company Pemex said on Friday that Petrodec Limited, a privately owned liquefied petroleum gas trading company headquartered in Bermuda, won a bidding process to supply gas in 2012 and 2013. Mexico imports about a third of its gas needs and said it had saved more than $100 million by allocating the contracts covering the period from April 2012 to March 2013 using a reverse auction process in which the cheapest bidder wins. [...]]]></description>
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		<title>Pemex revenues increase almost 40% from sales to U.S.</title>
		<link>http://www.mexico.vg/businesses/pemex-sales-to-u-s/6815</link>
		<comments>http://www.mexico.vg/businesses/pemex-sales-to-u-s/6815#comments</comments>
		<pubDate>Sat, 15 Oct 2011 23:00:24 +0000</pubDate>
		<dc:creator>Mexico</dc:creator>
				<category><![CDATA[Businesses]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[PEMEX]]></category>
		<category><![CDATA[Petroleos Mexicanos]]></category>

		<guid isPermaLink="false">http://www.mexico.vg/?p=6815</guid>
		<description><![CDATA[Petroleos Mexicanos (Pemex) increased their income from U.S. sales of 39.3% in the first eight months of 2011, reported the Department of Commerce. Pemex had revenues of 26.7 billion between January and August, in relation to the 19.1 billion for the same period in 2010, according to the trade report from PEMEX. The revenues were the result of sales from 276 million barrels sold to the U.S. market, which Mexico ranked as the third largest [...]]]></description>
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		<title>US Export-Import Bank approved 1 billion in financing for PEMEX purchase of US equipment</title>
		<link>http://www.mexico.vg/businesses/pemex-us-export-import-bank/6426</link>
		<comments>http://www.mexico.vg/businesses/pemex-us-export-import-bank/6426#comments</comments>
		<pubDate>Thu, 06 Oct 2011 00:53:53 +0000</pubDate>
		<dc:creator>Mexico</dc:creator>
				<category><![CDATA[Businesses]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[PEMEX]]></category>
		<category><![CDATA[US Export-Import Bank]]></category>

		<guid isPermaLink="false">http://www.mexico.vg/?p=6426</guid>
		<description><![CDATA[US Export-Import Bank is getting more aggressive on helping foreign companies finance American goods &#038; products and thus support and create jobs. The mission of the US Export-Import Bank is to create and sustain U.S. jobs by financing sales of U.S. exports to international forgen buyers. On September 30, the board of directors of the US Export-Import Bank approved $3.4 billion in financing to support US exports in a wide range of industries, including aerospace, [...]]]></description>
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		<title>Pemex ready to Appeal If regulators in Spain hand down any decision that shows discrimination</title>
		<link>http://www.mexico.vg/businesses/pemex-repsol-controversy/6282</link>
		<comments>http://www.mexico.vg/businesses/pemex-repsol-controversy/6282#comments</comments>
		<pubDate>Fri, 30 Sep 2011 20:41:59 +0000</pubDate>
		<dc:creator>Mexico</dc:creator>
				<category><![CDATA[Businesses]]></category>
		<category><![CDATA[Oil]]></category>
		<category><![CDATA[PEMEX]]></category>
		<category><![CDATA[Repsol]]></category>

		<guid isPermaLink="false">http://www.mexico.vg/?p=6282</guid>
		<description><![CDATA[On Wednesday the Board of Directors of Repsol amended the regulations to remove the Pemex and Sacyr of their board seats, claiming conflict of interest, a move that will challenge Mexico&#8217;s Pemex. If regulators in Spain hand down a decision that shows discrimination or arbitrariness in the effort by Mexico’s oil monopoly Pemex and its Spanish partner Sacyr to boost their comoned stake in the Spanish oil giant Repsol to 29.8%, Pemex could appeal the [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Repsol directors have voted to ban Pemex representatives from its board</title>
		<link>http://www.mexico.vg/oil/repsol-directors-pemex-its-board/6258</link>
		<comments>http://www.mexico.vg/oil/repsol-directors-pemex-its-board/6258#comments</comments>
		<pubDate>Thu, 29 Sep 2011 17:56:48 +0000</pubDate>
		<dc:creator>Mexico</dc:creator>
				<category><![CDATA[Oil]]></category>
		<category><![CDATA[Antonio Brufau]]></category>
		<category><![CDATA[PEMEX]]></category>
		<category><![CDATA[Petroleos Mexicanos]]></category>
		<category><![CDATA[Repsol]]></category>
		<category><![CDATA[Sacyr]]></category>

		<guid isPermaLink="false">http://www.mexico.vg/?p=6258</guid>
		<description><![CDATA[Repsol directors have voted to ban Pemex representatives from its board in what is likely to deal a blow to the Mexican state oil group’s attempt to gain a seat at the board of directors , alongside shareholder Sacyr Vallehermoso. As the first meeting of the Board of Directors of Repsol ( Antonio Brufau) said Petroleos Mexicanos (Pemex) and  Sacyr should not be aloud to vote together, Antonio Brufau decided to amend the statutes in [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Pemex confirms discovery of new oil field</title>
		<link>http://www.mexico.vg/oil/pemex-confirms-discovery-of-new-oil-field/6097</link>
		<comments>http://www.mexico.vg/oil/pemex-confirms-discovery-of-new-oil-field/6097#comments</comments>
		<pubDate>Tue, 23 Aug 2011 06:47:52 +0000</pubDate>
		<dc:creator>Mexico</dc:creator>
				<category><![CDATA[Oil]]></category>
		<category><![CDATA[Oil Field]]></category>
		<category><![CDATA[PEMEX]]></category>
		<category><![CDATA[Petroleos Mexicanos]]></category>

		<guid isPermaLink="false">http://www.mexico.vg/?p=6097</guid>
		<description><![CDATA[The well, located northwest of Ciudad del Carmen, Campeche. State-owned oil giant Petroleos Mexicanos, or Pemex, said Monday it found a small field containing light crude in the Gulf of Mexico Petróleos Mexicanos (Pemex) confirmed the existence of a new oil field , Mexico&#8217;s national oil company Pemex has discovered oil with its Kinbe-1 exploration well in the shallow waters of the Gulf of Mexico. The Kinbe oil and gas field is located about 87 [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Pemex Now Third Largest Stock Holder in Repsol</title>
		<link>http://www.mexico.vg/oil/pemex-now-third-largest-stock-holder-in-repsol/5980</link>
		<comments>http://www.mexico.vg/oil/pemex-now-third-largest-stock-holder-in-repsol/5980#comments</comments>
		<pubDate>Wed, 27 Jul 2011 07:52:06 +0000</pubDate>
		<dc:creator>Mexico</dc:creator>
				<category><![CDATA[Oil]]></category>
		<category><![CDATA[PEMEX]]></category>
		<category><![CDATA[Petroleos Mexicanos]]></category>
		<category><![CDATA[Repsol]]></category>

		<guid isPermaLink="false">http://www.mexico.vg/?p=5980</guid>
		<description><![CDATA[Mexico&#8217;s Petroleos Mexicanos state oil monopoly, more familiarly known as Pemex, recently bought 825,150 shares in Spain’s Repsol YPF, S.A., increasing its stake in the Spanish company to 5 percent. Repsol YPF, S.A. is an integrated Spanish oil and gas company operating in 29 countries. The Mexican company announced, “Pemex, through its subsidiary P.M.I. Holding B.V it bought 825,150 shares in Repsol YPF, seeking to consolidate its position in this company consistent with the tax [...]]]></description>
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