2024-08-02 20:55:50
Pemex reduced its debt by 25 percentequivalent to 33 billion dollars, between 2019 and the first half of 2024.
Octavio Romero Oropezadirector general, said that this decrease establishes a solid foundation for the next six-year term.
The debt of Pemex passed from $132.3 billion to $99.4 billion.
Strategies for Pemex’s recovery
Octavio Romero Oropeza defended the management of Pemex in the face of criticism over its financial crisis.
In his message, he stressed that a comprehensive strategy has been implemented to improve its operational situation and foster its future growth.
He also said that unlike previous administrations, the The current government has focused its efforts on reducing the tax burden and improve the company’s infrastructure.
Government support and use of funds in Pemex
Pemex reported that the federal government has provided support of just over one billion pesos, while the company contributed 4 trillion 142 billion pesos to the federal coffers.
Of the federal funds, 624 billion were allocated to pay off the debt and 390 billion to strategic projects, such as the construction of the Olmeca Refinery and the rehabilitation of the National Refining System.
Finally, fertilizer plants were also recovered and a hydrogen plant at the Madero Refinery.
2024-08-02 20:55:50