Reported 8 months ago
Mexico has granted a deferral of the monthly tax payment for Petroleos Mexicanos (Pemex), the state-owned oil company with around $100 billion in debt. This move, allowing Pemex to postpone its DUC levies until July 31, comes as part of President Andres Manuel Lopez Obrador's efforts to support the company. The decision to defer the payment shows a tougher stance compared to previous aid measures, suggesting Mexico's commitment to preventing a default by Pemex.
Source: YAHOO