US EditionCarlos Slim Is Quietly Becoming Pemex’s Partner of Last Resort
- Grupo Carso is in talks with Mexico’s state oil firm Pemex to provide funding and assist in the development of two major oil and gas fields in the Gulf of Mexico, including the Zama project.
- These talks follow Slim's $1.2 billion Lakach gas investment amid Pemex's declining production and a 7.5% reduced 2025 budget.
- Slim brings capital, technical expertise, and risk-sharing to boost Mexico's gas output and reduce import dependence through these projects.
- Zama holds 600 to 800 million barrels and requires $4.5 billion to develop, while Slim has spent over $2 billion on related assets and Pemex's debt exceeds $100 billion.
- Pemex gains private capital without losing control, making Slim a key partner whose involvement may stabilize Mexico’s energy supply but execution challenges remain.
12 Articles
12 Articles
With the return of Ángel Cid Munguía as director of PEP, the Tabasco Group was in a position to take over Pemex's business again. It is well known that Ángel Cid and Miguel Ángel Lozada operated the business for the agronomist Romero Oropeza and his soldier Marcos Herrería.To this list you add Héctor Osorio, of GSPIP, and Renato Gamiño, manager of Operation and Maintenance of Equipment, of whom it is known that they have open research files by:1…
Carlos Slim’s Strategic Bet: How Mexico’s Richest Man Is Reshaping Pemex’s Future
Carlos Slim, Mexico’s wealthiest businessman, is quietly becoming a central figure in the country’s energy sector. Official company statements and regulatory filings confirm that Slim’s Grupo Carso is negotiating with Pemex, Mexico’s state oil company, to finance and develop two of the nation’s most important oil and gas fields: Zama and Ixachi. Zama sits in […]
Carlos Slim Is Quietly Becoming Pemex’s Partner of Last Resort
The transformation of Mexico’s richest person into its most important oil baron came about slowly, almost subtly. Carlos Slim built up a stake in Talos Energy Inc. before flipping it for the company’s Mexican unit. There was a 2023 deal for $530 million to buy a pair of oilfield assets from a fellow billionaire. Then a $1.2 billion plan to develop a gas deposit in the Gulf of Mexico.
With the background of having created a telephone monopoly after benefiting from the privatization of Mexico’s parastatal Teléfonos, in the late 1980s, the early 1990s, of the last century, Carlos Slim is now profiled as Pemex’s main private partner and anyone thinks that his strategy is also to stay with the now state monopoly. A report by the Bloomberg agency published by the Reforma newspaper makes a review of how the Mexican tycoon was posit…
The businessman Carlos Slim, considered the richest man in Mexico, has now become the most important oil tycoon in the country. This is because, through a series of investments in energy assets, Slim Helú has injected more than 2 billion dollars into projects related to Pemex, which positions him as its most relevant private partner today. This happened gradually, after he acquired a stake in Talos Energy before transferring it to the Mexican su…
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