Pemex. (Company News).Raul Munoz Leos, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of stateowned oil company Pemex urged lawmakers to approve multiple service contracts and tackle natural gas shortages. "The imbalance imbalance /im·bal·ance/ (im-bal´ans) 1. lack of balance, such as between two opposing muscles or between electrolytes in the body. 2. dysequilibrium (2). between gas production and demand has reached critical levels. What was a forecast is now a reality," Munoz said. Natural gas production in the internal market is forecast at around 4 billion cubic feet per day in 2003, well short of expected demand of 5.2 billion cubic feet per day. Even though 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. is expected to nearly double natural gas imports in 2003 there are still projected shortages. Pemex expects its own natural gas consumption to grow 12% in 2003. Munoz also said that with almost 70% of revenues being put in federal government coffers, Pemex will encounter troubles. |
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