US EditionInvests Pemex 66 Percent More in 'Fracking'
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Pemex will raise 66% the investment in the Gulf Tertiary Oil Project, reactivating the fracking in Chicontepec despite its low historical profitability, environmental risks and ambiguous legal framework. Mexican Oils (Pemex) plans to increase 66% the investment destined to the extraction of hydrocarbons by hydraulic fracturing in the Gulf Tertiary Oil Project (ATG), known as Chicontepec. According to information obtained through transparency bef…
Mexican Oils (Pemex) will exercise 66% more investment this year than in 2025 in the extraction of hydrocarbons through the process of hydraulic fragmentation, also called "fracking". According to a request for transparency to the Ministry of Finance and Public Credit (SHCP), the oil company will invest in the program Tertiary Oil of the Gulf a total of 4 billion pesos, while last year it has spent 2 thousand 423 million pesos for that purpose. …
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