Mexico’s state-run Pemex [PEMX.UL] said on Tuesday it has discovered up to 180 million barrels of crude oil in the Gulf of Mexico’s shallow waters, a find that is expected to help boost the country’s dwindling oil production. Pemex, whose oil and gas output has been declining since 2004, said light and heavy crudes were found in seven reservoirs along the Mulach and Manik fields in the southern Gulf of Mexico, close to existing infrastructure for production and transportation. “These are the reservoirs that will feed the country’s reserves,” said Mexican Energy Minister Pedro Joaquin Coldwell at a news conference with Pemex executives. Carlos Alberto Trevino Medina, Chief Executive Officer of Petroleos Mexicanos (Pemex), looks on during a news […]