Reported 2 days ago
Pemex's latest business strategy disappoints global oilfield service providers, as it lacks concrete solutions for addressing its massive debts, totaling about $23 billion to suppliers. Despite officials' assurances of quicker payments and plans for increased funding, suppliers are still anxious over unpaid dues amounting to $3.49 billion for services rendered. AMESPAC, the association representing these firms, seeks a formal dialogue with authorities to clarify the new investment plan and its payment processes, underscoring the necessity of addressing the overdue debts to uphold production targets in Mexico.
Source: YAHOO