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Mexico reveals sweeping plan to bring down Pemex debt, boost investment and lift production

Published on: Tuesday 05 August 2025

Mexico reveals sweeping plan to bring down Pemex debt, boost investment and lift production MEXICO CITY (Reuters) -Mexico's government on Tuesday said it aimed to cease funding Pemex by 2027 when the highly-indebted state energy company should become financially self-sufficient, helped by a series of measures to bring down debt and stabilize production. Mexican President Claudia Sheinbaum, flanked by her energy and finance ministers and the chief executive of Pemex, told a press conference that by 2027, Pemex "will no longer need the finance ministry's support." Pemex reported last week a financial debt of around $99 billion and a debt to providers of around $23 billion, which is down from earlier years but still has investors worried.


News source: https://finance.yahoo.com/news/mexico-reveals-plans-address-pemex-155725329.html

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