• Short Summary

    BUT THE GOVERNMENT ALSO SAYS IT WILL TAKE TWO YEARS OF EXPLORATION TO FIND CUT JUST HOW MUCH OIL IS BURIED BENEATH THE SWAMPS AND JUNGLES HERE.

  • Description

    BUT THE GOVERNMENT ALSO SAYS IT WILL TAKE TWO YEARS OF EXPLORATION TO FIND CUT JUST HOW MUCH OIL IS BURIED BENEATH THE SWAMPS AND JUNGLES HERE.

    OIL...AND NATURAL GAS. THE GAS IS BEING BURNED OFF RIGHT NOW, UNTIL PRODUCTION FACILITIES CAN BE BUILT.

    IN THE LAST YEA, 47 OIL WELLS HAVE BEEN DRILLED AT 3 DIFFERENT SITES AND EVERY ONE HAS PRODUCED HIGH GRADE PETROLEUM. MORE ARE GOING IN EVERY DAY.

    ALREADY THEY ARE PRODUCING MORE THAN ENOUGH TO SATISFY ALL THE NEEDS OF MEXICO. BY THE END OF THIS YEAR, MEXICO PLANS TO EXPORT NEARLY 5 MILLION BARRELS OF OIL. BY THE END OF NEXT YEAR, 5 TIMES THAT MUCH. AFTER THAT, IT WILL DEPEND ON THE RESULTS OF EXPLORATION BUT EXPERTS SAY MEXICO COULD BECOME A MAJOR OIL EXPORTING NATION.

    OIL PRODUCTION IS NATIONALIZED IN MEXICO. THE GOVERNMENT CORPORATION, PEMEY, HAS ANNOUNCED IT WILL NO??? SELL FOR LESS than NATIONS, INCLUDING VENEZUELA.

    AUTHORITATIVE SOURCES SAY THE UNITED STATES PROBABLY WILL BE MEXICO'S BEST CUSTOMER. A 30 INCH PIPELINE IS UNDER CO???TRUCTION TO MONTERREY...WHICH COULD BAVE THE WAY FOR POSSIBLE SHIPMENTS, IN QUANTITY, TO THE UNITED STATES.

  • Tags

  • Data

    Film ID:
    VLVA3XH50J3LCRYCED6TDP7NOHPYE
    Media URN:
    VLVA3XH50J3LCRYCED6TDP7NOHPYE
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    01/01/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:40:00
    Time in/Out:
    /
    Canister:
    N/A

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