Another economic drain is inefficiency, from the field to the boardroom. In addition to what is described as “a stifling internal bureaucracy,” Pemex’s output of oil per worker seriously lags its foreign counterparts.
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New Players Needed
The entrance of international oil companies into Mexico is expected to lead to a revival of production in Mexico to 3 million barrels per day by 2018 and 3.5 million barrels by 2025.
But when foreign oil companies throw the dice on Mexico, where will they land?
