Mexico’s state oil company Pemex is preparing to replace the head of its exploration and production unit just months after his return to the role, as the company struggles to halt a steady decline in crude output, sources familiar with the matter told Reuters. Angel Cid Munguía resumed leadership of Pemex Exploration and Production (PEP) in early May, having previously held the post until the end of former President Andrés Manuel López Obrador’s term. His potential departure would mark the third leadershi ...