By Ronald Buchanan in Mexico City.
Published: March January 2011 22:22 | Last updated: March January 2011 22:22
Pemex, Mexico's state oil company, reported a netloss of $ 3.8bn last year despite a steady increase in revenues from oil exports.
By contrast, other Latin American companies state-owned oil, such as Ecopetrol of Colombia and Petrobras of Brazil hasshown great benefits.
Gazprom pays $ 770 for the gas field TNK-BP - Mar-01.
Ecopetrol on Monday reported $ 1.41bn in net profit in the fourth quarter, a 47 percent increase over the previousyear. Last week, Petrobras reported a 38 percent increase in fourth-quarter net profit to $ 6.4bn.
Pemex operates as a monopoly and runs as a government department with a budget controlled political,rather than as a business.
One of the problems in maintaining production is that the Constitution reserves the exclusive property Pemex hydrocarbons found in the territory of the nation. A timid 2008energy reform has begun to allow Pemex's ability to operate the fields with foreign suppliers of oil services.
Juan José Suárez Coppel, Pemex's director-general, oil majors've Said That Are To BeInterested unlikely, although small companies with niche technologies Could be.
Adrian Lajous, Pemex become chief Who chairs the Oxford Institute for Energy Studies, has Warned That the Government'stargets for Increasing production to the company's 2004 peak Are Over-Ambitious.
I think this issue is purenonsense, since it is a public company run like private and is mentioned here, but in the end no longer published, and as good Mexican public company must have a lot of diversion of funds, bureaucracy,among other things, energy reform made about 2 years ago will not serve never until this "company" to be privatized, while our country will continue to sell cheap oil and buying expensive oil (worked...