MEXICO RECIEVES FIRST 250 MLN DLRS OF JAPAN LOAN
mexico received the first 250 mln
dlrs of a 500 mln dlr credit from japan's eximbank to finance a
mexican oil pipeline, the finance ministry announced.
    The funds will be used in the 700 mln dlr pacific petroleum
project, which includes the construction of a 267-km pipeline
connecting nuevo teapa in the oil-rich state of veracruz and
salina cruz, oaxaca, on the pacific coast.
    The project aims to facilitate mexican oil exports to japan
and the far east and is expected to be completed in three years.
REUTER^M
