Reported 30 days ago
Pemex, the Mexican state oil company, struggles with severe inefficiencies and debt as new CEO Victor Rodriguez steps in, amidst a backdrop of high personnel costs, outdated equipment, and safety issues. With a workforce significantly larger than more efficient counterparts, Pemex manages to pump less oil per employee than many of its regional competitors, while its aging refineries lead to substantial financial losses. President Claudia Sheinbaum's agenda to support Pemex is critical for the country's economy, but analysts suggest the company must slim down and potentially collaborate with the private sector to improve its operational efficiency.
Source: YAHOO