If the transformation into a harsh situation of transmission of power does not force anything else, Claudia Sheinbaum will announce on Monday his long-awaited appointment as general director of Petróleos Mexicanos and, most likely, those who will be the heads of the Navy and National Defense secretariats. Everything indicates that the President-elect has been imposed … Read more
Mexico City. Petróleos Mexicanos (Pemex) exported 779 thousand barrels per day in July 2024, a figure that translated into a drop of 25.95 percent compared to the same period last year, according to data published by the state-owned company. According to oil statistics, exports in the seventh month were less than the 900,000 barrels per … Read more
At the close of the first half of the year, the federal government allocated 18,983.4 million pesos to pay the interest on the internal debt of Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE), a figure 11.9 percent higher in nominal terms – without discounting inflation – compared to the 16,950.9 million pesos allocated … Read more
With an investment of nearly 2 billion dollars, Petróleo Mexicanos signed an agreement with the company Carso for the extraction of gas from platforms in the Gulf of Mexico, located on the coast of the state of Veracruz, which were “abandoned” by previous administrations, which will allow their rescue, said President Andrés Manuel López Obrador. … Read more
Mexico City. Petróleos Mexicanos (Pemex) is preparing to begin operations at the Olmeca refinery, located in the municipality of Paraíso, in Tabasco, which, according to President Andrés Manuel López Obrador, will initially produce a minimum of 250 thousand barrels of gasoline per day. According to a post by the state-owned company on the social network … Read more
Mexico City. Almost two months before the end of its six-year term, Petróleos Mexicanos (Pemex) reports “financial and productive solidity” after reducing its net debt by 25 percent, which represents a payment of 33 billion dollars less, the company said. At the beginning of the current administration, the oil company had a debt of 132.3 … Read more
Mexico City. Petróleos Mexicanos (Pemex) expects that by the end of 2024, the six refineries of the National Refining System (SNR) will process an average of one million barrels, plus 160,000 from the Olmeca refinery, built in Dos Bocas, Tabasco. “This year, the capacity of the new refinery in Dos Bocas, which already processes crude … Read more
Mexico City The current administration has provided support to Petróleos Mexicanos (Pemex) for 81.8 billion dollars, which has helped the oil company to pay its debt immediately. However, the company’s finances represent a pressure for the country’s sovereign rating, and this could be lowered if the debt increases as a proportion of the gross domestic … Read more
Fitch The Mexican authorities has confirmed Mexico’s long-term sovereign debt score at BBB-, above funding grade. Seven score companies have thus maintained Mexico’s credit standing this yr, with a steady outlook for the nation. Whereas the agency highlighted the prudence of macroeconomic insurance policies, it warned that the US elections, continued assist for Petróleos Mexicanos … Read more
Mexico Metropolis. Petróleos Mexicanos (Pemex) “is at its finest,” mentioned President Andrés Manuel López Obrador; and he maintained that in his six-year time period the “feat” of rescuing the state-owned firm was achieved. On the morning press convention on Friday, a report was introduced on the rescue of this productive firm of the Mexican State, … Read more