Altos Hornos de México says payments totaling US$3.7mn to a shell company of disgraced Brazilian conglomerate Odebrecht in 2014 were for work carried out as part of a planned expansion.
A new development plan for Maloob foresees a sharp drop in output.
Scheduled stoppage for the Esmeraldas Refinery will take place in March 2019
In terms of technology, Petróleos Mexicanos is placed on a par with the big oil companies in the world, said its CEO, Carlos Treviño Medina
President Nicolás Maduro ordered five zeroes removed from the currency over the weekend and introduced the sovereign bolívar, which is pegged to the country's official cryptocurrency.