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Pemex CEO says rating agencies and investors calling the Mexican state group a ‘bottomless barrel’ or ‘bankrupt’ are ignorant
...The oil nationalist López Obrador vowed to “rescue” Pemex and has given the company some 1.32tn pesos of financial help since taking office in 2018, according to data from think-tank Instituto Mexicano para...
Mexican state oil company will require more government support, Fitch and Moody’s say
Issuance by heavily indebted state-owned oil company comes amid emerging market revival
Formal opening of Pemex’s Dos Bocas refinery heralded a landmark by president despite questions over profitability
National oil company says it will exchange invoices for notes as contractors report payment delays
...Washington accused Mexico of failing to meet its obligations under the US-Mexico-Canada Agreement (USMCA) by favouring state-run utility Federal Electricity Commission (CFE) and oil company Petróleos Mexicanos...
Absence of detailed plan for green energy transition among a number of ‘fundamental issues’ at state-controlled oil group
State-controlled company says 420,000 b/d remain offline after blaze in Gulf of Mexico
Decision hits Talos Energy, Premier Oil and Wintershall and risks international litigation
...“There is no doubt about the preponderant role that Petróleos Mexicanos should hold,” he wrote in the bill’s introduction....
President López Obrador moves to backtrack over fierce opposition to energy reforms for Pemex
Plus: API lays down battle lines against Biden, McKinsey’s gloomy climate outlook and fossil fuels coming rebound
World’s most indebted oil company can no longer delay wholesale reform
...Latin America is home to some of the energy industry’s last fossil fuel holdouts, with groups such as Brazil’s Petrobras and Mexico’s Petróleos Mexicanos persisting with exploration rather than setting out...
Debt-laden state oil group faces struggle to achieve president’s aim of becoming a growth engine
The state energy company is battling to stave off another downgrade to its junk-rated debt
Downgrade will trigger bond sales and raise financing costs for Mexico’s indebted oil company
...“Today, more than ever before, Petróleos Mexicanos has the absolute support of the government of Mexico,” it said....
Possible move by state-owned energy group would mark a U-turn for López Obrador
Guests were served a form with a suggested donation to the National Lottery
Foreign energy companies accuse Pemex of trying to seize control of lucrative Zama field
Emilio Lozoya is the highest-profile figure to be charged in López Obrador’s anti-graft drive
State-owned oil group faces risk of further rating downgrades and grapples with output woes
Uncertainty over the president’s policies is causing investors to hold back
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