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The Void of Governance: An Assessment of Pemex's Performance and Strategy
Working Paper

Published By

Program on Energy and Sustainable Development Working Paper #73

April 13, 2008

Mexico's Petróleos Mexicanos, or Pemex, is the world's third-ranked company by oil production. Almost 40% of the Mexican government budget is derived from Pemex revenues, leaving the country highly exposed to a drop in oil prices and the company itself strapped for cash to support much-needed investment.

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