Mexico City. The National Hydrocarbons and Gas Strategy presented by the federal administration for the rescue of Petróleos Mexicanos (Pemex) “is insufficient” since it does not seem that it resolves the underlying problem of facing its debt and improving its operating processes, Intercam warned. .
“The plan presented is insufficient, although there are many details left to know, it does not seem to solve the underlying problem: the lack of capacity to face its liabilities, as well as achieve efficiency in its operations and focus on productive segments such as extraction and production,” the financial firm said in an analysis.
This week, President Claudia Sheinbaum presented a plan to continue the project of the previous six-year term to clean up the situation of the oil company. The main guidelines include a tax simplification where the three taxes paid by Pemex will be integrated into a single tax, which will be called the Petroleum Right for Wellbeing.
It also includes the reduction of subsidiaries, since Pemex currently has more than 40 and it is expected that this will generate savings of around 50 billion pesos, which would represent between 2.5 and 3 percent of 2024 expenses.
According to Intercam, Pemex’s problem is much more complex “and although there seems to be a greater willingness to invite private initiative, the oil company’s capital needs are considerable to be able to turn around its troubled financial situation and increase oil income to achieve the sustainability of public finances in the medium term.”
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#plan #Pemex #insufficient #Intercam
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Considering the global energy transition towards renewable sources, what long-term sustainability challenges does Pemex face and how effectively does the plan address these concerns?
## Interview: Is Mexico’s New Plan Enough to Rescue Pemex?
**Introduction:**
Welcome to World Today News. Today, we’re diving deep into Mexico’s plan to revitalize its struggling state-owned oil company, Pemex. Joining us are two experts with diverse perspectives on this critical issue: [**Guest 1 Name**], a renowned economist specializing in Latin American markets, and [**Guest 2 Name**], a seasoned energy industry analyst with deep knowledge of Pemex.
**Section 1: The Heart of the Problem**
* **Interviewer:**The newly presented National Hydrocarbons and Gas Strategy aims to rescue Pemex. Intercam, a financial firm, has labelled the plan “insufficient.” [Guest 1 Name], could you elaborate on this assessment? What are the fundamental challenges facing Pemex that this plan may not fully address?
* **Guest 1:**
* **Interviewer:**[Guest 2 Name], you’ve been following Pemex closely for years. Do you agree with Intercam’s view? What specific aspects of the plan raise concerns about its efficacy?
* **Guest 2:**
**Section 2: Key Components of the Plan**
* **Interviewer:**Let’s delve into the details. The plan outlines several key initiatives, including tax simplification and the reduction of subsidiaries. [Guest 1 Name], how might these measures impact Pemex’s financial health and operational efficiency?
* **Guest 1:**
* **Interviewer:**[Guest 2 Name], do you believe these measures go far enough to address the root causes of Pemex’s difficulties? Are there any missing elements that could be crucial for a successful turnaround?
* **Guest 2:**
**Section 3: The Role of Private Investment**
* **Interviewer:**The plan mentions a greater willingness to attract private investment. What role do you believe private sector participation could play in reviving Pemex, [Guest 1 Name]? What are the potential benefits and risks involved?
* **Guest 1:**
* **Interviewer:** [Guest 2 Name], what are your thoughts on the potential for private investment in Pemex? How can this be done in a way that benefits both the company and Mexico as a whole?
* **Guest 2:**
**Section 4: The Long-Term Outlook**
* **Interviewer:** Looking ahead, what do you see as the most likely scenarios for Pemex? Is a full recovery achievable, or are we looking at a prolonged period of challenges, [Guest 1 Name]?
* **Guest 1:**
* **Interviewer:** [Guest 2 Name], mirroring this question, what is your outlook for Pemex in the long term? What factors will ultimately determine its success or failure?
* **Guest 2:**
**Conclusion:**
Thank you, [Guest 1 Name] and [Guest 2 Name], for providing such insightful perspectives on this crucial issue. The future of Pemex remains uncertain, but this conversation has shed light on the complexities involved and the potential paths forward.
