MEXICO CITY (Bloomberg) -- For Petroleos Mexicanos CEO Emilio Lozoya, the arrival of foreign oil producers after a 76-year hiatus can’t come soon enough. Facing deteriorating output and a lack of resources to develop new finds, the 39-year-old former World Economic Forum executive said he’s in talks with all major producers as Mexico accelerates the opening of its oil industry. At the same time, he’s considering revising production estimates as water content rises at aging fields such as Cantarell, once the world’s third-largest deposit.
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Pemex CEO begins Chevron-to-BP talks as output prospects dim
![Pemex CEO begins Chevron-to-BP talks as output prospects dim]()
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