Thursday, April 26, 2012

U.S. Eager to Work with Mexico on Oil

U.S. and Mexican officials in February signed an agreement on the exploration of oil and natural gas along a shared maritime boarder in the Gulf of Mexico.

The agreement sets up a framework for U.S. energy companies to work with Mexico's state-run Petroleos Mexicanos to develop trans-boundary reserves that were off-limits under the terms of previous treaty agreements.

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