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By Marco N. Yurén. More than 10,000 workers sub-contracted by Petróleos Mexicanos (Pemex) through petroleum service companies lost their jobs in January due to the cancellation of contracts with this Mexican oil company in the face of world crude oil prices. The reason was that these companies were unable to continue working with petroleum prices below $50 a barrel. The decision was made in the Northeast Marine Region located close to Ciudad del Carmen, Campeche, one of Pemex’s most important areas in Mexico, where production fell by 6.9 percent in 2014. Faced with this situation, Mexico’s Secretary of the Economy, […]
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