US EditionInside Pemex's Plan to Reach Fiscal Solvency by 2027
34 Articles
34 Articles
The federal government’s unconditional support for Pemex has ended. If in the previous six-year period the parastatal received capitalizations for more than a billion pesos and tax exemptions, now the Claudia Sheinbaum Administration has opted for a more institutional rescue plan and bound to the results of an oil company with a financial debt of more than 120 billion dollars. The parastatal’s little room for manoeuvre requires greater surgery, …
Mexico City.- Marcelo Torres, Panist vice-coordinator in the Chamber of Deputies, assured that the financing of development banking and finance will be insufficient to make Petróleos Mexicanos (Pemex) profitable in 2027, as promised by President Claudia Sheinbaum. "Pemex will not be self-sufficient in 2027: it is a dangerous lie with unbacked promises and make-up numbers. Lies do not generate barrels or pay the debt," Torres reproached. This mor…
Inside Pemex's plan to reach fiscal solvency by 2027
Financial self-sufficiency starting in 2027 is among the objectives of a 10-year strategic plan for the heavily indebted state oil company Petróleos Mexicanos (Pemex). Among the other goals of the Comprehensive Capitalization and Financing Strategy are to significantly reduce Pemex’s debt and increase the domestic production of natural gas, a fuel that the United States currently supplies to Mexico in large quantities. Federal officials presente…
Mexican Oils presented Tuesday, August 5, its Strategic Plan 2025-2030, with which it aims to reduce its debt
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