VOICED : Pemex se aliara a privadas para explotar aguas profundas

Pemex, the Mexican state oil company, plans to partner with private firms to exploit the Trion oil field in the Gulf of Mexico. The project, announced by Pemex's director José Antonio González, has the potential to produce 480 million barrels of light crude oil. Due to falling oil prices and reduced reserves, Pemex reported losses of $30 billion in 2015, necessitating partnerships to share the $11 billion investment required for Trion. This move is part of Pemex's strategy to become a deep-water oil power. The 2014 energy reform opened Mexico's oil sector to national and foreign investments, ending the state's monopoly since 1938.

What is the main goal of Pemex's partnership with private companies?

• To increase oil imports

• To sell Pemex shares

• To develop the Trion oil field

• To reduce oil prices

How much investment is required for the Trion oil field project?

• 5 billion dollars

• 30 billion dollars

• 11 billion dollars

• 20 billion dollars

What financial challenge did Pemex face in 2015?

• Surplus of oil reserves

• Losses of 30 billion dollars

• Reduced oil demand

• Increased oil prices

What significant change did the 2014 energy reform bring to the Mexican oil sector?

• It increased oil prices

• It allowed foreign investments

• It reduced oil production

• It nationalized the oil industry

Since when had the Mexican oil industry been a state monopoly before the 2014 reform?

• 1920

• 1975

• 1938

• 1950