Mexico's state oil giant Pemex reported losses Thursday of more than 100 billion pesos ($6.5 billion) in the first quarter of 2015, hit hard by the global collapse in crude prices.
Pemex, the world's seventh-largest oil producer, had announced in February it was slashing its budget by 11.5 percent, suspending some deep-water exploration and making "major" job cuts.
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Turkish soldier killed in Syria operationMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©