According to a report from Citibank analyst Ed Morse, Mexico's recent decision to amend its constitution and open its oil industry to private investment may enable the country to double its crude output to 5MM b/d in the coming years. Such an increase—the equivalent of adding another Nigeria to global supply—-could make Mexico one of the biggest producers of crude in the world, though not in the same league as global heavyweights such as Saudi Arabia, Russia, and the US.
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