OIL PIPELINE
A pipeline network with spare capacity could allow Mexico to export oil and gas from its flagship offshore Trion project to the United States, the head of Mexico's oil regulator said on Thursday.The deep water Trion development, with prospective reserves of almost 500 million barrels of oil, was farmed out in December by state-run Pemex to Australia's BHP Billiton , which became the operator of the $11 billion project.
The ailing Mexican oil company, which kept a 40-percent stake, jointly shares for the first time the risks and rewards of a potentially lucrative project with a private producer.
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