Pemex, Mexico's state-owned oil company, awarded a US$100 million contract to Global Offshore Mexico, a subsidiary of U.S. pipeline construction company Global Industries, to install 53 kilometers of pipeline in the Cantarell oil field.PEMEX Pemex officially Petróleos Mexicanos Mexico's state-owned oil company. In 1938 Pres. Lázaro Cárdenas nationalized 17 foreign oil companies to create Pemex, the largest Latin American petroleum company and a major world exporter of fossil fuel. , Mexico's state-owned state-owned adj → estatal, del estado state-owned adj → étatisé(e) state-owned state adj → oil company, awarded a US$100 million contract to Global Offshore Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. , a subsidiary of U.S. pipeline construction company Global Industries, to install 53 kilometers of pipeline in the Cantarell oil field. The contract represents less than 10% of the 600 kilometers of pipelines Pemex has scheduled for bid or construction in 2004 and 2005. |
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