The total financial debt of Mexico's state-owned oil company Pemex totaled $106.8 billion at the end of last year, according to preliminary data released by the country's president on Feb. 21.
President Andres Manuel Lopez Obrador revealed the debt data in a chart from a presentation on Pemex, one of the world's most indebted oil companies, at his regular government press conference. The presentation was dated Feb. 20.
It was not immediately clear whether the figure he cited will be included in Pemex's quarterly financial results expected next week.
Lopez Obrador has pumped billions of dollars into the national producer during his more than five years in office, including a range of capital injections as well as tax reductions in a bid to boost its bottom line.
Recommended Reading
E&P Highlights: Nov. 4, 2024
2024-11-05 - Here’s a roundup of the latest E&P headlines, including a major development in Brazil coming online and a large contract in Saudi Arabia.
E&P Highlights: Nov. 11, 2024
2024-11-11 - Here’s a roundup of the latest E&P headlines, including Equinor’s acquisition of a stake in a major project and a collaboration between oilfield service companies.
What Chevron’s Anchor Breakthrough Means for the GoM’s Future
2024-12-04 - WoodMac weighs in on the Gulf of Mexico Anchor project’s 20k production outlook made possible by Chevron’s ‘breakthrough’ technology.
E&P Highlights: Dec. 9, 2024
2024-12-09 - Here’s a roundup of the latest E&P headlines, including a major gas discovery in Colombia and the creation of a new independent E&P.
Innovative Insulation: The Future of Thermal Management
2024-12-31 - Silicone-based, spray-on coating simplifies application and improves protection for downstream assets and workers.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.