Reported 8 days ago
Mexico is set to transfer 136 billion pesos ($6.7 billion) to state oil company Pemex for debt payments in 2025, as outlined in a recent budget proposal. This financial support, aimed at alleviating Pemex's nearly $100 billion debt burden, comes as the company anticipates significant oil production and export increases. The draft budget also reflects continued backing from the government, with plans to inject funds for Pemex alongside another allocation to the state utility Comision Federal de Electricidad.
Source: YAHOO