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By Wenyuan Wu Under the legal framework of Mexico’s new Hydrocarbons Law, state oil firm Pemex’s tasks of transferring entitlements and reaching joint venture partnerships with other oil companies appear more eminent after the company reported a historical financial loss of $17.5 billion in the past year. An ocean away, oil-devouring China still has a good appetite unaffected by the global oil price slump. Comprehensive energy reforms in one of Latin America’s top oil producing nations present strategic opportunities for Chinese oil giants, who have been expanding their footprints into almost every oil-rich country in the Western hemisphere except Mexico. […]
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