Economy / Mexico
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Taxing Issues
January 2008 | Risk SummarySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Pressure in mounting in congress to consider extending recent economic reform to the state oil company Pemex , which, despite rising income from elevated global oil prices, is increasingly becoming a liability as production levels continue to fall with the decline of its major Cantarell field. Pemex's tax bill grew to MXN590.0bn in 2006, adding considerably to government revenues.