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OakesCS

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OakesCS

Re: DewDiligence post# 1454

Friday, 08/20/2010 8:01:22 PM

Friday, August 20, 2010 8:01:22 PM

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pemex

International oil companies are reluctant to partner with Pemex because they still aren’t allowed to own the oil or book the reserves, according to Baker. [I find it a bid odd that oil companies care a lot about the project accounting per se as opposed to how much money they will actually make from a project.]

i suspect the 'reluctance' has to do with the accounting requirements in the home country and for credit/bond issuing advantages. just a guess.
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