High prices low profits for Mexicos oil company 2 Feb 08











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Subscribe to our channel http://bit.ly/AJSubscribe • Rising oil prices haven't translated into profits for every oil company across the globe. • • Mexico's state owned Pemex is losing money. The company exports crude oil, but is forced to import 40 per cent of its petrol because they haven't built enough refineries to keep up with demand. • • Low investment in infrastructure has also led some serious accidents. • • Al Jazeera's Franc Contreras reports from Villahermosa, Mexico. • At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' • Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. • Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. • We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. • Social Media links: • Facebook:   / aljazeera   • Instagram: https://instagram.com/aljazeera/?ref=... • Twitter:   / ajenglish   • Website: http://www.aljazeera.com/ • google+: https://plus.google.com/+aljazeera/posts

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