Mexico’s conservative budget for next year depends in part on its oil company boosting production by about 17%, something that the country hasn’t achieved in almost four decades.

Pemex, as the Mexican national oil producer is known, is expected to increase its output to 1.951 million barrels per day on average next year, according to the 2020 budget plan that Mexican President Andres Manuel Lopez Obrador sent to Congress on Sunday evening.

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