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Mexico struggles to stem production decline
Publication year - 2007
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2007.320713.x
Subject(s) - latin americans , production (economics) , oil production , crude oil , political science , politics , development economics , economics , economy , geography , agricultural economics , engineering , macroeconomics , petroleum engineering , law
Mexico is struggling to prevent a sharp decline in its oil production. A 2% decline in the output of crude oil and NGL in 2006 masks the potential for much greater annual decreases in years to come. Such a development would be particularly worrying for the US, which receives 16% of its crude oil imports from Mexico and faces a fall in imports from its other main Latin American supplier, Venezuela, as a result of the bad political relations between the two countries ( see 'Focus', February 2007 ).