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Eye on Pemex

Pemex will partner with international oil companies

Pemex will partner with major international oil companies to operate gas stations in Mexico and other parts of the world, with the foreign brands or with its own brand (Pemex franchise).

Wednesday, November 16th, 2016
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Pemex P.M.I. seeks to offer its services at a global level

Part of Pemex’s business strategy lies in transforming PMI — Pemex’s commercial arm — into a global player that will no longer be exclusive to the brand itself, but will continue to maintain it as a priority.

Wednesday, November 9th, 2016
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Pemex will have primary surplus in 2017

The State-Company – despite the production fall and poor financial results – is optimistic for the coming years. The company believes that will have a primary surplus.

Friday, November 4th, 2016
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Pemex exports grow

Pemex exports grow

Pemex exports are approaching acceptable levels after poor data presented at the beginning of the year.

Friday, November 4th, 2016
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González believes that Pemex could be the largest Oil-Company in Latin America

Pemex´s President, José Antonio González Anaya said that if the firm uses the Energy Reform´s advantages, it could become the largest Oil-Firm in Latin America.

Thursday, November 3rd, 2016
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Pemex could face insolvency

Pemex could present insolvency because of high taxes, little support from the Federal Government and the long-term effects by reducing Capex, the rating agency Fitch said in an analysis.

Tuesday, October 25th, 2016
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Pemex will extract unconventional oil

Pemex will invest US$54.3M to extract unconventional oil in five onshore areas, in Veracruz. The National Hydrocarbons Commission (CNH) authorized it, in an extraordinary session, according to Forbes México.

Tuesday, October 18th, 2016
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Pemex oil production keeps falling

Pemex’s production in August was 2,144mbd according to company’s database. It means a 4.93% decrease compared to the same period last year when it stood in 2,255mbd.

Thursday, October 6th, 2016
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González Anaya is cautious with new discoveries

José Antonio González Anaya, Director of Pemex, recognizes that the new fields’ discovery in the Gulf of Mexico do not solve the difficult financial situation of the company, but he mentioned that it is a beginning to rebuild the firm, according to El Universal.

Tuesday, September 27th, 2016
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Pemex’s financial debt

Pemex’s financial debt

Pemex’s financial debt continues growing and it seems that nothing could stop it. Pemex reported a total debt of US$YS$96.2B in 2Q16.

Wednesday, September 14th, 2016
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