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Mexico’s Pemex mulls crude imports, more exports to India, Japan


MEXICO CITY (Reuters) – Mexico’s Pemex <PEMX.UL> is considering crude imports to boost local refinery output, but at the same time, it expects to sell more oil to India and Japan to diversify its export markets. The state-owned company could begin imports of light and intermediate crudes as early as this year to improve production of higher-value refined products like ...

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US infrastructure companies study export opportunities

RIYADH — US Secretary of Commerce Penny Pritzker is here leading a trade mission comprising 21 export-ready US companies in the infrastructure sector. Pritzker is currently on a three-nation tour covering the UAE, Saudi Arabia and Qatar. The mission is highlighting export opportunities for US businesses in three leading industry sectors with an emphasis on project management and engineering (including ...

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Encana’s operating profit nearly doubles on higher oil production

Nov 12 – Encana Corp, Canada’s largest natural-gas producer, said its quarterly operating profit jumped 87 percent due to higher production of oil and natural gas liquids. The company, under Chief Executive Doug Suttles, has been focusing on boosting production of oil and natural gas liquids (NGL) after years of weak profits caused by its reliance on natural gas production. ...

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