Pemex claims that withdrawal from Norway began in 2014

On the evening of May 12, 2025, the state-owned oil company Petróleos Mexicanos (PEMEX) confirmed that the Norway Wealth Fund, Norway's government investment fund—the largest in the world—had begun selling all of its fixed-income investments in the Mexican company since 2014, which initially amounted to $600 million. "Petróleos Mexicanos (PEMEX) reports that the… Source

Petróleos Mexicanos (PEMEX) reported that the exclusion of the Mexican State Public Company from the investment portfolio of the Norwegian Government's Global Pension Fund is a process that began in 2014 for various reasons, including alleged acts of corruption within the company in that administration.

The process of withdrawing the Norwegian Wealth Fund of Mexican Oils (Pemex) began a decade ago due to alleged acts of corruption of that time, the state company responded on Monday afternoon. “It is necessary to clarify that the Fund had reduced its exposure to Pemex for several years due to the deterioration in credit rating and issues related to new criteria of the environmental, social and governance agenda (ASG). In 2014, the Fund had about…

Reading time approx.: 1 minutes, 13 secondsThe departure of the Norwegian Government's Global Pension Fund from investments in Mexican Petroleum (Pemex) is the conclusion of a process that began more than a decade ago, the state company reported in a clarification note released this Monday. Pemex explained that the Norwegian Fund's decision to exclude the company from its investment portfolio originated in 2014, when an evaluation was initiated …

Pemex reports that the withdrawal of the Norwegian Government's Global Pension Fund began in 2014 and was only concluded yesterday.