Wednesday, February 20, 2008

Mexico's President plans relaunch of petrochemical industry

In a bid to relaunch the nation's petrochemical industry, Mexico's President Felipe Calderon plans to revise the way state oil company Petroleos Mexicanos (Pemex) sells petrochemical feedstock. The plan is to create a mechanism which, via a licensing process, will bring closer a market price or one that is really determines long term supply prices.

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