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CANCUN, Mexico (Reuters) - Tropical Storm Karl hit Mexico's Yucatan Peninsula on Wednesday and could reach hurricane strength once it enters the Gulf of Mexico, potentially threatening major Mexican oil installations.

Mexican state-run oil giant Pemex had not curtailed any operations but said it would monitor Karl's progress as it approached operations in the Bay of Campeche, where the bulk of Mexico's 2.55 million barrels per day of oil is produced.

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