Mexico's 1998 Oil Revenue Estimated At $8Bn
Mexico's oil export revenue in 1998 is estimated to reach $8.02bn, according toofficial government documents. Last year oil export earnings were $11.21bn. Mexico'sEnergy Minister, Mr. Luis Tellez, said last week that he expects oil export revenues in1999 to be close to the 1998 level, because crude oil prices are not seen to be recoveringin the short term. As a result of slumping oil prices, Mexico in 1998 had to...