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Mexico: Oil Discovered Off Veracruz Coast

Arturo de Albornoz of Olganza describes a new reserve of oil (ES) discovered in deep waters off the coast of Veracruz. Chris of Cuaderno Latinoamericano says that the find is a boon to state-owned energy company PEMEX which has been borrowing heavily in recent years. Meanwhile, Portside recently commented that many of those who live in the Veracruz petrol corridor are among the nation's poorest.

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