IRVING, Texas (Bloomberg) -- Exxon Mobil Corp., the world’s most valuable crude producer, signed an agreement with Petroleos Mexicanos as Mexico’s oil industry opens to private investment. Exxon and Pemex signed a three-year memorandum of understanding and cooperation to exchange academic, scientific and technical knowledge, according to emailed statements by both companies. The companies agreed to analyze exploration, drilling and refining opportunities, according to Pemex’s statement.
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Exxon signs Pemex cooperation accord as Mexico ends state oil monopoly
![Exxon signs Pemex cooperation accord as Mexico ends state oil monopoly]()
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