US EditionMexico’s Pemex Payment Crisis: Suppliers Threaten July Shutdown – Oil & Gas 360
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11 Articles
The suppliers and contractors that offer services to Petróleos Mexicanos (Pemex) are going through an unprecedented crisis due to the lack of payment of the State Public Company, so they can no longer guarantee an operational continuity from July of this year, said Rafael Espino de la Peña, president of the Mexican Association of Petroleum Services Companies (AMESPAC). “According to our analysis and market sensitivity, this reality has already r…
CDMX.- The Mexican Association of Petroleum Services Companies (Amespac) warned that the operations of the sector could be stopped from July next due to the accumulated debts of the state Mexican Oils (Pemex) and that they exceeded 404 billion pesos (about 20.2 billion dollars) in the first quarter of 2025.The Amespac, representing the main companies providing services in exploration and production of hydrocarbons, sent a statement addressed to …
Mexico’s Pemex payment crisis: suppliers threaten July shutdown – Oil & Gas 360
(BOE Report) – The Mexican association that groups major global oil services companies warned that it is going through an “unprecedented crisis” due to the lack of payments from the state-owned oil company Pemex, the world’s most indebted energy company. In a letter sent to President Claudia Sheinbaum and released on Monday afternoon, the association warned that many of these companies may have to stop operations as early as July. The letter did
Reading time approx.: 1 minutes, 10 secondsThe Mexican Association of Petroleum Services Companies (AMESPAC ) warned this Monday about an "imminent impact" to the operational continuity of the oil sector in Mexico, due to the growing debt that Mexican Petroleum (PEMEX ) maintains with suppliers. In a letter addressed to President Claudia Sheinbaum; to the Secretary of Finance, Edgar Amador Zamora; to the Secretary of Energy, Luz Elena González E…
The Mexican Association of Petroleum Services Companies (AMPESPAC) has amassed with slowing down operations in July, due to the fact that Petróleos Mexicanos (PEMEX) owes nearly 50 billion pesos for various works carried out. “We are going through an unprecedented crisis, facilitated by the lack of payments of our services and a pronounced budget collapse,” explains a document sent to President Claudia Sheinbaum, the Secretary of Finance, Edgar …
AMESPAC warns that the lack of payments from Pemex compromises the operational continuity of suppliers from July, affecting national energy security. The Mexican Association of Petroleum Services Companies (AMESPAC) issued a severe warning: if the problem of payments with Mexican Petroleum (Pemex) is not solved, many supplier companies could suspend operations from July 2025. According to official figures from Pemex, at the first quarter of this…
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