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EXCLUSIVE: Pemex nears sale of fertilizer unit

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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. “The sale […]
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