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BUSINESS
July 30, 2001 | From Bloomberg News
Oil ministers from Saudi Arabia, Venezuela and Mexico agreed at a meeting Sunday to take "any measure needed" to ensure a stable international oil market for producing and consuming nations. "The ministers agreed to continue monitoring market fundamentals and adopt any measure needed, in a timely matter, to ensure a stable and adequately supplied oil market," a statement issued after the meeting said.
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BUSINESS
July 30, 2001 | From Bloomberg News
Oil ministers from Saudi Arabia, Venezuela and Mexico agreed at a meeting Sunday to take "any measure needed" to ensure a stable international oil market for producing and consuming nations. "The ministers agreed to continue monitoring market fundamentals and adopt any measure needed, in a timely matter, to ensure a stable and adequately supplied oil market," a statement issued after the meeting said.
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BUSINESS
January 14, 1995 | JAMES GERSTENZANG and EDWIN CHEN, TIMES STAFF WRITERS
As members of Congress offered grudging support, Clinton Administration officials said Friday that Mexico may end up using its $7 billion in annual oil revenue as collateral in what is likely to grow to a $40-billion program of U.S. guarantees of loans intended to prop up the struggling Mexican economy. Mexico will also pay what are being described as a risk premium and a supplemental fee to the U.S. government, leaving open the possibility that the U.S.
NEWS
September 14, 1990 | From Times Staff and Wire Reports
President Bush will ask Congress next week for authority to negotiate a free trade agreement with Mexico, Administration officials told the New York Times. Although apparently not the only reason, the crisis in the Persian Gulf was a factor in the decision because of Mexico's oil reserves, the sources said.
NEWS
November 28, 1990 | MARJORIE MILLER and JAMES GERSTENZANG, TIMES STAFF WRITERS
The Mexican government showed a new willingness Tuesday to give American companies a role in its state-owned oil monopoly, U.S. officials said as President Bush and Mexican President Carlos Salinas de Gortari wrapped up two days of talks. Reports from U.S. Cabinet officials after the meetings indicated that in several areas in addition to oil--most notably, diplomacy and law enforcement--Salinas is reversing Mexico's longstanding effort to demonstrate independence from U.S. policies.
BUSINESS
January 9, 1991 | JUANITA DARLING, TIMES STAFF WRITER
Mexico must increase oil exports and permit foreign investment in all industries, including oil production, if a free trade agreement with the United States is to improve workers' wages and the country's economy, according to preliminary results of a forecast to be published this spring. The study disputes the common belief that a free trade agreement will turn Mexico into little more than an industrial park for low-wage, labor-intensive manufacturing.
BUSINESS
August 5, 1991 | From Times Staff and Wire Reports
Mexico, Venezuela to Boost Oil Aid: The two countries agreed to broaden an accord that offers oil on favorable terms to cash-strapped Central American and Caribbean nations. They increased the amount of oil available under the San Jose Pact to 160,000 barrels per day from 130,000.
NEWS
May 4, 1987 | DAN WILLIAMS, Times Staff Writer
The Soviet Union has asked Mexico to deliver Mexican crude oil to Cuba while, in return, the Soviets supply Mexico's customers in Europe, according to news reports that reached here Sunday. The proposal was announced during a five-day visit to Moscow by Mexican Foreign Secretary Bernardo Sepulveda, who traveled to Moscow last week to pave the way for an expected visit by Soviet leader Mikhail S. Gorbachev to Mexico sometime this year.
BUSINESS
December 10, 1991 | From Reuters
Mexico, one of the world's leading oil exporters, will have to import large amounts of crude within 10 years, according to a report that says the government has lied about the country's proven reserves. The report, in Monday's edition of the weekly news magazine Proceso, quotes a former deputy director of the state oil company Petroleos Mexicanos, or Pemex, as saying that Mexico has lied about its oil reserves repeatedly since 1977 in a bid to shore up its financial position.
BUSINESS
August 5, 1991 | From Times Staff and Wire Reports
Mexico, Venezuela to Boost Oil Aid: The two countries agreed to broaden an accord that offers oil on favorable terms to cash-strapped Central American and Caribbean nations. They increased the amount of oil available under the San Jose Pact to 160,000 barrels per day from 130,000.
BUSINESS
January 9, 1991 | JUANITA DARLING, TIMES STAFF WRITER
Mexico must increase oil exports and permit foreign investment in all industries, including oil production, if a free trade agreement with the United States is to improve workers' wages and the country's economy, according to preliminary results of a forecast to be published this spring. The study disputes the common belief that a free trade agreement will turn Mexico into little more than an industrial park for low-wage, labor-intensive manufacturing.
NEWS
November 28, 1990 | MARJORIE MILLER and JAMES GERSTENZANG, TIMES STAFF WRITERS
The Mexican government showed a new willingness Tuesday to give American companies a role in its state-owned oil monopoly, U.S. officials said as President Bush and Mexican President Carlos Salinas de Gortari wrapped up two days of talks. Reports from U.S. Cabinet officials after the meetings indicated that in several areas in addition to oil--most notably, diplomacy and law enforcement--Salinas is reversing Mexico's longstanding effort to demonstrate independence from U.S. policies.
BUSINESS
November 16, 1990 | JUANITA DARLING, TIMES STAFF WRITER
The Mexican government said its 1991 budget, submitted to congress Thursday, reflects its commitment to conservative fiscal management. Despite the windfall from the Persian Gulf crisis, the $70-billion budget is based on oil selling at half the current price. The price of oil, which accounts for one-third of the government's income, has skyrocketed since August. It is now selling for about $34 a barrel on world markets.
BUSINESS
January 14, 1995 | JAMES GERSTENZANG and EDWIN CHEN, TIMES STAFF WRITERS
As members of Congress offered grudging support, Clinton Administration officials said Friday that Mexico may end up using its $7 billion in annual oil revenue as collateral in what is likely to grow to a $40-billion program of U.S. guarantees of loans intended to prop up the struggling Mexican economy. Mexico will also pay what are being described as a risk premium and a supplemental fee to the U.S. government, leaving open the possibility that the U.S.
BUSINESS
December 10, 1991 | From Reuters
Mexico, one of the world's leading oil exporters, will have to import large amounts of crude within 10 years, according to a report that says the government has lied about the country's proven reserves. The report, in Monday's edition of the weekly news magazine Proceso, quotes a former deputy director of the state oil company Petroleos Mexicanos, or Pemex, as saying that Mexico has lied about its oil reserves repeatedly since 1977 in a bid to shore up its financial position.
NEWS
September 14, 1990 | From Times Staff and Wire Reports
President Bush will ask Congress next week for authority to negotiate a free trade agreement with Mexico, Administration officials told the New York Times. Although apparently not the only reason, the crisis in the Persian Gulf was a factor in the decision because of Mexico's oil reserves, the sources said.
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