Smoke billows from the Cosoleacaque petrochemical plant in southern Veracruz. The Mexican president hopes to modernize the state-owned oil company Petroleos Mexicanos by opening it to private and foreign investment.
Smoke billows from the Cosoleacaque petrochemical plant in southern Veracruz. The Mexican president hopes to modernize the state-owned oil company Petroleos Mexicanos by opening it to private and foreign investment. Kevin G. Hall / MCT
Smoke billows from the Cosoleacaque petrochemical plant in southern Veracruz. The Mexican president hopes to modernize the state-owned oil company Petroleos Mexicanos by opening it to private and foreign investment. Kevin G. Hall / MCT

Mexico ponders how to boost faltering state oil company

July 31, 2008 3:52 PM