LATEST ON PEMEX

In its latest report, the Superior Audit Office of the Federation (ASF) indicated that the subsidiary Pemex Fertilizantes lost 21 billion 174 million 48 thousand pesos in 2017, equivalent to 79.7% of its assets, mainly due to the acquisition of Pro Agro and Fertinal.

The measures announced by President Lopez Obrador will allow Pemex to conserve more of its cash flow to invest in its business, but they are still far from the company's needs, says rating agency Fitch Ratings.

Pemex is the biggest weakness factor in the Mexican economy and despite the refinancing of its debt, announced by the federal government, the question remains whether it can sustain itself and fulfill its long-term commitments because it is the most indebted oil company in the world, said Fernando López Macari, president of the Mexican Institute of...

The Business Plan that Pemex will present in the coming weeks cancels investments in the deep waters of the Gulf of Mexico to focus on shallow waters and on land, as well as the recovery of mature fields, all with its own investment. The exploration works in deep waters will be maintained to be ready in case they are required in the medium term....