Pemex in Crisis: Falling Production, Chronic Losses and an Uncertain Future

Energia A Debate → Energía a Debate es un espacio de análisis y opinión sobre temas energéticos, en

Factuality

Ownership

Second delivery. The Eskom case: State guarantee and the price of splitting the Eskom debt, South Africa’s public electricity company and the largest on the African continent, is fully owned by the State and operates under the direct control of the Ministry of Electricity and Energy. The government, through various units, maintains close supervision over its operations, financing structure and investment plans. That relationship is not only poli…

ADN 40

Factuality

Ownership

In an international context where large oil companies report historical gains due to the rise in crude oil prices and the stabilization of energy demand following the pandemic, the situation of Mexican Oils (Pemex) contrasts alarmingly. Instead of generating profits, the state’s productive company continues to record millions of losses, year after year, dragging a business model that seems increasingly unsustainable. Pemex’s Industrial Transform…

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Factuality

Ownership

With refineries, it will be difficult for Pemex to change its financial situation, even with the entry into force of new investment schemes, such as the “mixed development” that drives Claudia Sheinbaum Pardo’s energy reform, the rating agency Moody’s said in the report “Support for government-related issuers reflects [...]