Mexican oil revenues appeared 12-year low

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According to Mexico’s national oil company (PEMEX) statistics, the first ten months of this year, the Mexican oil export revenues $ 16.485 billion, down 47% over the previous year. According to the Mexican Ministry of Finance statistics, as of now Mexican oil revenues 660 079 000 000 pesos (1 US dollar equals 16.5 pesos), becoming the lowest level in nearly 12 years. By the fall in oil prices, Mexico’s national oil company this year will hit a record loss.

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India could sell excess coal

The Indian government said recently, would allow the country’s state-owned enterprises sell more coal, to support the domestic coal production growth, reducing reliance on imported coal.

Cabinet meeting chaired by India’s prime minister, Mr Modi, according to the plan will promote the federal and state enterprises more flexibility to sell excess coal.

So far, India almost all of the company is only allowed to exploitation of coal supply their own use.

“Through the way to increase coal production is expected to fill the coal supply gap… dramatically narrow gap between supply and demand of the country,” the statement said.

At present, only state-owned coal India (coal India LTD) and another run jointly by the federal government and some state of coal companies be allowed to coal mining goods.

Coal India coal output hit a record high, pushing the coal industry better. But the government also hope that more companies to join the ranks of coal mining, in order to help achieve to 2020 countries doubled to 1.5 billion tons of coal production target.