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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