US EditionMexico Launches Bold Pemex Rescue Plan to End State Bailouts by 2027
15 Articles
15 Articles
In 2020, the debt peaked at $113.2 billion. Since then, it has been slightly reduced.
Mexico Launches Bold Pemex Rescue Plan to End State Bailouts by 2027
Mexico’s government just took its most decisive step yet to rescue its battered state oil company, Pemex. On August 5, 2025, President Claudia Sheinbaum and her finance team rolled out a 10-year plan that aims to break Pemex free from government bailouts by 2027. This historic move, carefully outlined in official government statements and company […]
The Ministry of Finance and Public Credit (SHCP) will continue to financially support Pemex in 2025 and 2026, but from 2027, the oil company will no longer require help to pay its debt, as it will be able to do so with its own resources, said President Claudia Sheinbaum during the presentation of the Oil Strategic Plan 2025-2035.“By 2027, Pemex will not need support from the Ministry of Finance. Why 2025 and 2026? Because Pemex has to pay in 202…
Sheinbaum seeks to heal Pemex's finances, strengthen its operational capacity and redefine its role as a strategic public company in the national energy sector. By José Luis Camacho Acevedo At least 20 years ago, the Treasury had not had an interference in Pemex's plans.
Last Tuesday, the government presented Pemex’s new Strategic Plan. Beyond the symbols and rhetoric of the announcement—which, as always, seeks to highlight a nostalgic idea of sovereignty—the document has positive elements. No illusions have to be made: we are not going to be an oil country again or are going to disappear Pemex’s problems. But there lies its first virtue: it recognizes that there is a problem.Keeping the forms and discourse of t…
The Mexican Association of Hydrocarbon Companies (AMEXHI) welcomed the presentation of the Strategic Plan for the Strengthening of Mexican Oils (PEMEX) 2025-2035. The Association indicated that the objectives set out in the document are focused on the stabilization of the finances of the national oil company, as well as on improving its operability and strengthening the national production of hydrocarbons. Likewise, they highlight as a positive …
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