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.