Pemex to Invest $975 Million to Strengthen Mexico's Petrochemical Industry

Código Magenta

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Both Pemex and CFE, the Mexican state’s two parastatal energy companies, are accomplices and are accessories to the largest corruption mechanism in Mexico’s recent history that is the “tax huachicol.”

energy21.com.mx

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The debt of Mexican Petroleums (PEMEX) to the construction companies goes up and already touches the 7 billion pesos, reported the Mexican Chamber of the Construction Industry (CMIC). The amount is an estimate because there are many companies that do not have a record of the debt, explained Luis Méndez Jaled, president of the organization. Only the members of the CMIC that have reported their situation place the debt at three billion pesos. “Yes…

energymagazine.mx

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Pemex owes up to 7 billion pesos to construction companies affiliated to the CMIC, which puts jobs and financial stability at risk in key regions. The Mexican Chamber of Construction Industry (CMIC) warned that the accumulated debt of Mexican Petroleums (Pemex) with affiliated companies reaches 3,000 million pesos, although the real amount could amount to 7,000 million. This critical situation has put on the verge of bankruptcy multiple construc…