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Tag Archives: Mexico oil industry

Mexico Oil Giant PEMEX Suspends Service Contracts, Sparking Job Losses

Oil rig with gas flare burning

BLOOMBERG, JUNE 11, 2020 Amy Stillman and Peter Millard for Bloomberg News — Mexico’s state oil giant is suspending contracts with service providers and suppliers, triggering thousands of job losses, people with direct knowledge of the situation said. Over the past several weeks, Petroleos Mexicanos has suspended contracts with at least eight local and international oil-service providers and suppliers to …

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