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Mexico News Daily 02/16/2019 14:40
Financial institutions reject Pemex rescue plan as 'insufficient'.
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El Universal (Mexico) 02/16/2019 13:15
In an address to Pemex investors, the Citibanamex group warned that “the biggest problem we see is that neither Pemex’s administration nor its business plan have changed.
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Speaking at the same press conference, Pemex Chief Financial Officer Alberto Velazquez said that the first action would be a 25-billion-peso injection of funds from this year’s federal budget.
More from Latin American Herald Tribune: 02/15/2019 20:39
If Pemex requires more help, the government will do whatever it takes to keep Pemex’s finances healthy, he added.
More from 02/15/2019 19:00
Mexico will support Pemex by injecting US$3.6 billion into the debt-laden state-held oil firm, including by refinancing debt and cutting taxes, Mexican officials said on Friday.
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Agencia EFE (EFE News) 02/15/2019 15:15
Mexico's government on Friday unveiled a 107-billion-peso ($5.5-billion) aid package in 2019 for state oil company Petroleos Mexicanos (Pemex), which is struggling with sky-high debt and has seen its . Mexican gov't unveils $5.5 bn package to support ailing Pemex | Business | English edition | Agencia EFE.
More from Agencia EFE (EFE News): 02/14/2019 19:00
Pemex, as the company is known, will boost investment this year to 288.1 billion pesos ($14.9 billion), 5.5 percent more than an original estimate, Chief Financial Officer Alberto Velazquez Garcia said on Friday.
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Channel NewsAsia (Singapore) 02/14/2019 10:05
Pemex will never fail to fulfill an obligation," Lopez Obrador said in response to a question during his regular morning press conference about whether his government would refinance or restructure Pemex's debt.
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Pemex is struggling under the weight of more than $100 billion in debt and years of declining production, and was recently downgraded by ratings company Fitch.
More from Middle East North Africa Financial Network (MENAFN): (Mexico) 02/05/2019 19:12
Luis Madrazo, analista financiero.- Afectaciones por baja de nota de Fitch Ratings a Pemex, SHCP debe de asumir su papel para elegir inversiones, no se puede gobernar desde la conferencia de prensa. The post Luis Madrazo, analista financiero.- Implicaciones negativas de la mala calificación de Fitch Rating a Pemex appeared first on Radio Fórmula .
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Yucatan Times (Mexico) 02/05/2019 15:27
It seems likely that Pemex and AMLO would want to see that spread differential compress before Pemex comes to the market.
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ethiXbase 02/01/2019 06:30
Mexican President Andres Manuel Lopez Obrador said on Thursday he will ask a senior executive with national oil company Pemex to leave his position as an investigation into corruption allegations facing him and two other officials proceeds. Leftist Lopez Obrador…
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