Mexico’s Pemex announced March 18 it has discovered over 1.2 billion boe of oil and natural gas in an onshore complex in the state of Tabasco, near the site where the company is planning to build a new refinery. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The complex, named Francisco J Mugica, comprises three main reservoirs — Dzmipona, Valeriana and Racemona — where Pemex has struck oil and gas, Pemex CEO Octavio Romero Oropeza said during a ceremony that coincided with the anniversary of Mexico’s expropriation of foreign oil assets in 1938. The discovery is the third in the administration of President Andres Manuel Lopez Obrador, and will contribute to reducing the drop in the […]