Government Would Go Out to the Rescue of Pemex

diario.mx

Center

Factuality

Ownership

As part of the deep restructuring required by Petróleos Mexicanos (Pemex), the federal government could buy back part of the oil’s debt at a lower rate and at a longer time, said Gonzalo Monroy, energy specialist. President Claudia Sheinbaum announced on July 1 that she is preparing, together with the Ministries of Finance and Energy, a long-term plan for Pemex, with a range of 2040. The strategy will be presented in two weeks. In an interview y…

Arena Pública

Factuality

Ownership

What if the federal government takes Pemex’s debt? Pemex is a state-owned company, with its own legal personality, and with the obligation to report its financial statements. The current regulation gives it the power to borrow, and thus the possibility to issue bonds. The return of these debt instruments is determined by the market not only according to market conditions, but at its level of risk. As is known, risk can come from different source…

6 en punto

Factuality

Ownership

Pemex, the world’s most indebted state oil company, faces a financial crisis that generated concern both inside and outside the country. The company’s debt exceeds 120 billion dollars, which represents a considerable challenge for the Mexican economy. Given this situation, the Mexican government launched various initiatives to try to stabilize Pemex and ensure its long-term viability. According to El País newspaper, the Mexican government is exp…