Latin America

Mexico's oil revenues fall 0.50 pct.

Mexico's oil revenues totaled 491.04 billion pesos ($37.8 billion) in the January-May 2014 period.

EFE
03/07/2014 11:49
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Mexico's oil revenues totaled 491.04 billion pesos ($37.8 billion) in the January-May 2014 period, down 0.50 percent from the same period last year, the Finance Secretariat said.

 

The drop was caused by a reduction of 4.2 percent to 165.78 billion ($12.76 billion) in payments by state-owned oil giant Petroleos Mexicanos, or Pemex, to the Treasury, the secretariat said in a report covering government finances through May 31.

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