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Tag Results for "Large Oil Reserve Finds"

PEMEX Finds 500 Million Barrels of Crude Oil, Largest Discovery in a Decade

State-owned oil giant Petroleos Mexicanos, or Pemex, said it found reserves of up to 500 million barrels of crude in southern Mexico, a discovery that President Felipe Calderon hailed as the "biggest find" of petroleum on land in the past decade. continue reading »