Mexican oil company Pemex reports the second quarter loss of $5.2bn
Mexican oil company Pemex
Mexico City - Arab Today
State-owned Mexican oil company Pemex reported Tuesday losses of $5.2 billion in the second quarter due mainly to lower petroleum prices.
It said prices of Mexican crude were 44 percent lower than in the same period a year ago.
In the first quarter of 2015, Pemex lost $6.5 billion.
The new losses -- 84.6 billion pesos in local currency -- far surpass those of the second quarter of 2014, which came in 52.3 billion pesos.
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