LatAm oil giants keep up capex during price slump
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Emerging MarketsEM LatAm

LatAm oil giants keep up capex during price slump

Latin America’s three largest oil companies are maintaining hefty investment programmes despite tumbling oil prices, thanks to their low production costs and comfortable profit margins. Yet that is about as far as the similarities go for Venezuela's PDVSA, Brazil's Petrobras and Mexico's Pemex.

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