Mexico Backs State Oil Giant Pemex With $4 Billion Capital Injection ...Middle East

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Mexico Backs State Oil Giant Pemex With $4 Billion Capital Injection
source : OILPRICE ( Middle East ) () 27
Mexico’s state-owned oil giant Pemex, the world’s most indebted oil company, has received a capital injection of $4.16 billion (70 billion Mexican pesos) from the finance ministry, sources with knowledge of the matter told Bloomberg on Friday. The Mexican government and President Andrés Manuel López Obrador are looking to support the company and help it pay off its huge debt, which was more than $107 billion as at the end of March 2023.     Earlier this week, Pemex’s chief executive Octavio Romero…

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