Mexico plans to set aside $6 billion for Pemex in draft budget, Bloomberg reports

7:47 pm Tuesday, November 12th, 2024

(Reuters) – Mexico plans to set aside about $6 billion from its 2025 draft budget for heavily indebted national oil company Pemex and would help its debt obligations next year, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Despite government efforts to reduce debt, Pemex carries financial debt of about $100 billion and provider debt of about $20 billion.

(Reporting by Kanjyik Ghosh;))

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