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Economy & Business - February 2008 (ISSN 1741-7430)
OIL & GAS: Production decline accelerates at Pemex
Petróleos Mexicanos shocked local oil analysts with its final production
figures for 2007. In 2007 crude oil production fell by 5.3% to an average of
3.082m barrels per day (bpd). The main reason was a decline in output from
Cantarell, the huge offshore field which accounts for a third of the country's
total output. Cantarell's production, Pemex warned, will fall even more sharply
from 2011.
- The market turns Latin America's way
- MEXICO: Too good to be true?
- BRAZIL: Booming
- ARGENTINA: Wages surge ahead of inflation
- CHILE: Going wrong
- PARAGUAY: Central bank finds 97% tax evasion rate
- URUGUAY: Inflation falls in January
- BOLIVIA: Imports up by 22%
- COLOMBIA: Bank holds rates, but...
- ECUADOR: Confident of a better 2008
- VENEZUELA: Domestic problems predominate
- PERU: Economy grew by 8.3% in 2007
- BELIZE: Barrow wins
- COSTA RICA: Fiscal deficit returns in January
- CUBA: Government moves against foreign company employees
- DOMINICAN REPUBLIC: IMF criticises
- EL SALVADOR: Vulnerable to a US recession?
- GUATEMALA: Trade deficit hits new record
- HONDURAS: IMF and Honduras agree on key points
- NICARAGUA: Sandinistas and Liberals agree on budget
- PANAMA: GDP growth tops 10%
- AGRIBUSINESS: Cardamom prices rise
- OIL & GAS: Production decline accelerates at Pemex
- METALS: Chilean copper exports still rising
- IMF reveals Latin American censorship
- PRIVATISATION: Listing Petroperú
- REMITTANCES: PERU - Over US$2bn in 2007
- DEBT: Nicaragua promises to pay