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Mexico Plans to Provide New Job Opportunities for Oil Industry Workers

© AFP 2021 / ALFREDO ESTRELLAMexican President Enrique Pena Nieto delivers his third annual report at the National Palace in Mexico City on September 2, 2015
Mexican President Enrique Pena Nieto delivers his third annual report at the National Palace in Mexico City on September 2, 2015 - Sputnik International
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Mexican President Enrique Pena Nieto has ordered to work out a series of measures to support people working in the oil industry, which has been hard-hit by the fall in oil prices.

MEXICO CITY (Sputnik) – At the beginning of his term, oil exports were responsible for 40 percent of Mexico’s budget, since then the figure has gone down to 8 percent, Nieto said during a Thursday visit to the state of Tabasco.

Petroleos Mexicanos (Pemex), emergency boats works to put out a fire at the Abkatun-A Permanente shallow-water oil platform in the Campeche Sound - Sputnik International
Oil Production in Mexico Still Profitable Despite Falling Prices - Pemex
According to Nieto, oil industry workers need to be provided with new job opportunities that are going to be created in such oil producing states as Tabasco and Campeche. Oil and gas production in Campeche accounts for over 35 percent of Mexico’s total.

In December, Mexican authorities announced that Mexico oil revenues decreased by 38 percent in the last 10 months compared to the same period in 2014.

In mid-January market prices for crude benchmarks dropped to a 12-year low, sliding below the historic level of $30 a barrel.

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