The Mexican government could resume direct transfers of funds to public oil and gas giant Pemex next year due to the company’s tight debt repayment schedule.
Pemex CEO Octavio Romero Oropeza told press late on Tuesday that his team was asking the finance ministry for more support, given that the calendar of debt repayments looks to be burdensome for the firm, especially in the first quarter of 2023.
“We have paid [our debts] so far,” Oropeza said. “It’s not easy. Even though the price of crude has been very good, in the months prior to that it reached a difficult point.”
Pemex is expected to pay back some US$8bn in 2023, according to its latest investor presentation. In 2024, its debt commitments would climb to US$8.7bn, before dropp…
Read the full article at: https://www.bnamericas.com/en/news/pemex-watch-debt-relief-priority-fields