The 2016-2021 plan, whose efforts are already in progress, envisages the company being able to run a small primary surplus in 2017 of 8.4 million pesos, and balancing its budget by 2019 or 2020, chief executive Jose Antonio Gonazalez Anaya said.

The goals are to be achieved by focusing on only upstream investments with top profitability, a move the company acknowledged will likely drop its crude production to about 1.944