Russia's Lukoil, Mexico's Pemex to sign cooperation deal


Mexico state oil company Pemex signs a co-operation agreement with Russian producer Lukoil (LUKOY, LUKOF) for exploration and production as the country is opening up its energy sector in a move to boost production.

Under Mexico's new law that ends the country's 75-year-old oil and gas monopoly, foreign companies will be able to enter the sector as Pemex is seeking to bring in expertise and boost efficiency.

Comments (3)
  • wyostocks
    , contributor
    Comments (9113) | Send Message
     
    Russia and China are signing deals all over the world while Obama fiddles and worries about global warming.

     

    They must be laughing their asses off at their great fortune to have Obama in the white house for 8 years.
    24 Jan 2014, 03:31 PM Reply Like
  • rjj1960
    , contributor
    Comments (1471) | Send Message
     
    Bingo wyostocks, next the Russians will build pipelines for Canada. Also, Kerry is no better.
    24 Jan 2014, 03:34 PM Reply Like
  • simplefarmgirl
    , contributor
    Comment (1) | Send Message
     
    Dear Messrs. stocks and 1960,

     

    The U.S. has already signed all of the AAA deals around the world. The ones now are the leavings. The seconds. Why do you so enjoy running down this country? You ought to be ashamed of your self-inflicted treason.
    25 Jan 2014, 02:38 PM Reply Like
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