Mexico's national oil company plans a wave of new asset sales and production partnerships to navigate through the oil price downturn and stabilize soaring debt and falling production levels.
Mexico's Energy Minister and the CEO of Petróleos Mexicanos said that the environmental problem is not caused by the quality of gasoline.
Mexican national oil company Pemex on Thursday reported a US$3.6 billion loss in the first quarter.
La estrategia es atender primero la parte financiera y después la operativa, dice; prevé que la deuda con proveedores sólo sea de 58 mil mdp al cierre de este año
The national oil company will receive a 73.5 billion peso (US$4.2 billion) liquidity boost.
The CEO of the national oil company said that Petróleos Mexicanos faces liquidity problems mainly caused by a fall in oil prices worldwide, but that it is solvent and has enough oil reserves that are growing.
The company said that its Mexican client Cotemar was affected by the spending cuts made by Petróleos Mexicanos in order to adjust its budget to an oil price of US$25 per barrel.
Trabaja CAMe de manera conjunta con Pemex y la CFE; comisión ambiental busca hacer frente a temporada de ozono
La próxima semana los funcionarios de Hacienda y Pemex deben explicar el recorte al gasto público en la Cámara de Diputados
Las medidas no favorecen al sector de la construcción ni a proveedores, dice