EPN launches program to help Tabasco and Campeche

President Enrique Peña Nieto launched a program to mitigate the effect of low oil prices in producing states like Tabasco and Campeche.

Accompanied by the Ministers of Finance, Economy, Agriculture and Communications, as well as the governors of Tabasco and Campeche and the CEO of Petróleos Mexicanos, President Peña Nieto announced in Tabasco an investment of 5.4 billion pesos (US$303.8 million) for the economic recovery and productive development of the states in order to make their economy “less dependent on oil."

He added that the program is aimed at promoting job creation, helping companies that work with the oil industry, developing new sophisticated and higher value-added production industries.

José Antonio Anaya, CEO of Petróleos Mexicanos, said that the company will pay its debts with local suppliers and that 90% of Mexico's oil is extracted from Tabasco and Campeche and their seas.