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May 23, 2019

Mexico to help struggling Pemex

MEXICO CITY (AP) — Mexico President Andrés Manuel López Obrador said Wednesday his government will support the state-owned oil company with all the budget it needs and tax relief until 2021.

By then, Petroleos Mexicanos will have recovered its footing, increased production and be able to finance the country's development during the remainder of his term, López Obrador said.


 
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