Energy
Photo: Mathew Rutledge/Flickr
Fertilizers are non-core businesses for the oil company. Mexican state-owned oil firm Pemex is ready to spin-off its fertilizer business. In the opinion of rating agencies, despite its strong recent efforts to reduce operating costs, the company must still concentrate in rebuilding its proved reserve stock of 8.4 billion barrels of oil equivalent, that fell from 12.1 billion barrels in 2014. To re…
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