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Tag: Pemex

RIO DE JANEIRO, BRAZIL - Mexico’s state oil company Petroleos Mexicanos (Pemex) reported on Friday, February 26th, a fourth-quarter 2020 net profit of 124.28 billion pesos (US$6.23 billion), helped by currency appreciation, lower imports and tax benefits. It marked a...
RIO DE JANEIRO, BRAZIL - Brazil’s shake up of state-run oil firm Petrobras has caused shockwaves at home but may also prompt some bond investors to rethink their US$1 trillion-plus exposure to other government-controlled companies across emerging markets. From China’s...
RIO DE JANEIRO, BRAZIL - Mexico’s fiscal deficit will widen to 4.1% of gross domestic product this year, with ongoing support for ailing state oil company Petroleos Mexicanos (Pemex) driving up debt, ratings agency Moody’s Investors Service said on...
RIO DE JANEIRO, BRAZIL - Oil trading firms, including Trafigura, are supplying Mexico with emergency cargoes of liquefied natural gas (LNG) to overcome a power crisis caused by interrupted U.S. natural gas supplies, three sources close to the purchases...
RIO DE JANEIRO, BRAZIL - (Reuters) Mexico’s government will inject between US$1.3 billion and US$1.6 billion into state oil company Petroleos Mexicanos (Pemex) this year and offer a tax break of 75 billion Mexican pesos (US$3.68 billion), a senior...
RIO DE JANEIRO, BRAZIL - On Thursday, January 21st, Mexico’s president forcefully defended his drive to strengthen the state’s role in the energy sector, seeking to downplay hopes he might cede ground under a new U.S. administration which investors...
RIO DE JANEIRO, BRAZIL - Mexico’s government has issued new regulations to limit the ability of private firms to import fuel, according to a federal decree, fanning concerns that the move may unduly benefit state-owned oil company Petroleos Mexicanos...
RIO DE JANEIRO,BRAZIL - Mexican President Andres Manuel Lopez Obrador said on Thursday his government will investigate allegations bribes were paid by the U.S. subsidiary of the world’s largest independent oil trader Vitol to state oil firm Petroleos Mexicanos...
RIO DE JANEIRO, BRAZIL - S&P Global Ratings said on Thursday, December 10th, its next rating decision on the Mexican sovereign debt will depend on the evolution of the finances of the country’s heavily indebted national oil company Petroleos...

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