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Jordan- Mexico makes 'major' 1.5 billion barrel oil find: President

(MENAFN- Jordan News Agency) Amman, Nov. 4 (Petra)-- Mexican President Enrique Pena Nieto said state oil company Pemex has made a "major" oil and gas discovery with an estimated 1.5 billion barrels of crude equivalent, its largest onshore find in 15 years.

The new field, dubbed Ixachi-1, is located in the eastern state of Veracruz near existing Pemex infrastructure, meaning it can be tapped "relatively soon, and at low costs," said Pena Nieto.

4/11/2017 - 11:51:28 AM


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