Mexican President Claudia Sheinbaum announced naval support for Pemex’s oil platforms following a pirate attack that left workers injured and exacerbated the state-owned company’s ongoing challenges
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Recent reports indicate that U.S. refineries are rejecting crude oil shipments from Mexico’s Pemex due to excessive water content, significantly impacting Mexico’s oil export status
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The funding for these payments will reportedly be extracted from the Mexico City International Airport Airport Use Fee and the Mexican Treasury
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Mexico reportedly spent 2.319 trillion pesos during the first quarter of 2024 compared to its 1.867 trillion peso income during the period, said the Secretariat of Finance and Public Credit
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As a result, Mexico only took in a total of 658.9 billion pesos in public revenue during the first month of 2024
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Mexico fell to 11th place in 2023 from its fifth place ranking in 2017, placing Mexico’s economy in the bottom half of the 17 Latin American economies considered by Emerging Markets Bond Index compiled by JP Morgan Chase
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Mexico’s Second District Judge in Commercial Insolvency Matters officially declared notorious Mexican airline Interjet as bankrupt and ordered the company’s assets to be put up for auction
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Bloomberg previously reported that Pemex has been in talks with Goldman Sachs and HSBC for financing related to reducing greenhouse gas emissions
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PULSE NEWS MEXICO During the first 10 months of 2022, Mexico was the largest public debt underwriter in Latin America and the Caribbean, according to a report released on Monday, Jan. 16, by the Economic Commission for Latin America and the Caribbean (ECLAC). Mexico placed a total of nine sovereign issues for an amount of $9.471 billion during that time,
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By KELIN DILLON According to the new 2023-2027 Business Plan Report presented by Mexico’s state-owned oil company Petróleos Mexicanos (Pemex), Pemex must pay back more than $16.7 billion in debt amortizations before the end of Mexican President Andrés Manuel López Obrador’s (AMLO) six-year term, which is set to end in 2024. The report revealed that Pemex was able to put
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