Mexico’s state oil company Petroleos Mexicanos wants operational control over a major offshore oil area discovered by a consortium of private companies before development gets underway, its top official said on Wednesday.
Pemex Chief Executive Officer Octavio Romero told a news conference the company believes most of the crude found by the consortium, in the largest oil discovery made by any private firm in Mexico in decades, lies in an adjacent block where it holds development rights.
Brazil Energy Insight 
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