COMMODITY / ENERGY BRIEFS

COMMODITY / ENERGY BRIEFS

MEXICAN PROTESTERS BLOCK

OIL-PRODUCING AREAS

MEXICO CITY - Angry members of the leftist Democratic Revolutionary Party have blockaded 10 Mexican oil-producing areas containing 221 production wells in Tabasco since Monday, the Reforma newspaper reported Wednesday.

Protesters are demanding reimbursement from Petroleos Mexicanos (Pemex) for damage to agricultural land in the area, the paper reported.

A PRD leader said supporters would blockade petrochemical facilities in the region if the government and Pemex do not respond to the protesters' demands.

The protests are concentrated in the towns of Cardenas, Huimanguillo, Cunduacan, Nacajuca, Comalcalco and Centla.

The paper reported that PRD and Pemex representatives met Tuesday but failed to reach agreement in the dispute.

TENNECO UNIT TO ACQUIRE

SPANISH AUTO-PARTS FIRM

LINCOLNSHIRE, Ill. - Tenneco Automotive, a unit of the Houston-based conglomerate Tenneco Inc., said it reached an agreement in principle to acquire Manufacturas Fonos SL of Spain.

Terms of the deal were not disclosed.

Tenneco, which has large energy operations, said Tuesday that Manufacturas Fonos, with annual sales of $35 million, is Spain's largest maker of exhaust and emission-control products for the replacement auto-parts market.

The company said it plans to provide Fonos with the "financial wherewithal" to strengthen its position in Spain and other markets.