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Environment

Reuters exclusively reports Mexico’s government readying roughly $5 billion Pemex lifeline

Reuters reported exclusively that Mexico’s government will inject between $1.3 billion and $1.6 billion into state oil company Pemex this year and offer a tax break of 75 billion Mexican pesos ($3.68 billion). According to a Reuters source, the first of several capital injections will be used to pay down debt, and that it is unlikely Pemex will issue bonds on the international market this year.

Article Tags
Topics of Interest: Environment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: North America
Countries: Mexico
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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