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He said Mexico President Andres Manuel Lopez Obrador, he agreed with his US counterpart Donald Trump, that the United States compensate what Mexico can not add to the proposed reduction during OPEC talks.
He added that he spoke with Trump on Thursday, and the two agreed that Mexico would cut oil production by 100,000 barrels per day, and the United States would add a reduction of 250,000 barrels per day, as already agreed.
It is noteworthy that Mexico refused to cut 400 thousand barrels per day, according to what the Associated Press reported.
“We have withstood the end because increasing oil production has cost us a lot of effort,” the Mexican president said.
Lopez Obrador had made increasing Mexico’s oil production and the development of the heavily condemned National Oil Company “Pemex” a priority for his presidency, as Mexico’s production had been declining for years.
“We have argued that it is difficult for us to reduce production by the amount requested from us,” he said, noting that Mexico was asked to cut 400,000 bpd, then 350,000 bpd of oil.
Before reaching the agreement with the United States, Lopez Obrador said that Trump had read to him a list of all the other countries that agreed, noting that only Mexico had refused.
The President of Mexico added that he explained to Trump the reason, and then Trump suggested covering the gap for Mexico.
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He said Mexico President Andres Manuel Lopez Obrador, he agreed with his US counterpart Donald Trump, that the United States compensate what Mexico can not add to the proposed reduction during OPEC talks.
He added that he spoke with Trump on Thursday, and the two agreed that Mexico would cut oil production by 100,000 barrels per day, and the United States would add a reduction of 250,000 barrels per day, as already agreed.
It is noteworthy that Mexico refused to cut 400 thousand barrels per day, according to what the Associated Press reported.
“We have withstood the end because increasing oil production has cost us a lot of effort,” the Mexican president said.
Lopez Obrador had made increasing Mexico’s oil production and the development of the heavily condemned National Oil Company “Pemex” a priority for his presidency, as Mexico’s production had been declining for years.
“We have argued that it is difficult for us to reduce production by the amount requested from us,” he said, noting that Mexico was asked to cut 400,000 bpd, then 350,000 bpd of oil.
Before reaching the agreement with the United States, Lopez Obrador said that Trump had read to him a list of all the other countries that agreed, noting that only Mexico had refused.
The President of Mexico added that he explained to Trump the reason, and then Trump suggested covering the gap for Mexico.
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