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Mexico plans to set aside $6 billion for Pemex in draft budget, Bloomberg reports

11/12/2024

Less than a minute

2024.11.12 19:04

© Reuters. FILE PHOTO: A general view shows the Mexico state oil firm Pemex's Ciudad Madero refinery, after the Tropical Storm Alberto hit Mexico, in Ciudad Madero, Mexico, June 20, 2024. REUTERS/Henry Romero/File Photo

(Reuters) – Mexico plans to set aside about $6 billion from its 2025 draft budget for heavily indebted national oil company Pemex and would help its debt obligations next year, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Despite government efforts to reduce debt, Pemex carries financial debt of about $100 billion and provider debt of about $20 billion.

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11/12/2024

Less than a minute