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Mexican state oil firm Pemex reports $4-bn Q2 losses

AFP

A tank with processed oil at Mexican state-owned petroleum company PEMEX refinery in Tula, Hidalgo state on March 8, 2011A tank with processed oil at Mexican state-owned petroleum company PEMEX refinery in Tula, Hidalgo state on March 8, 2011

A tank with processed oil at Mexican state-owned petroleum company PEMEX refinery in Tula, Hidalgo state on March 8, 2011A tank with processed oil at Mexican state-owned petroleum company PEMEX refinery in Tula, Hidalgo state on March 8, 2011

Mexican state oil firm Pemex said Friday it had registered losses of almost 53 billion pesos ($4 billion) in the second quarter of 2014.

The company, which brings in more than one-third of the government's revenues, said the losses outstripped the $3.7-billion negative result it registered in the same period last year.

Date created : 2014-07-25