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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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Federal Government releases economic conditions for Trión

The Secretariat of Finance and Public Credit (SHCP) announced the additional royalty values for the Trión block. According to Reuters, the maximum and minimum values are 4% and 3% respectively. On 5 December the bidding of this field will take place.

Tuesday, September 13th, 2016
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Government is close to finish the 10 thousand km of additional pipelines

The Federal Government plans to add 10,000 km to the National Gas Pipeline System and expects to complete them in 2019.

Tuesday, September 13th, 2016
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Pemex receives Platform Support Vessel

Pemex received a ship called “Pemex Reform”, recently in a private ceremony in Vigo, in the community of Galicia (Spain), a report in El Financiero mentions. It will be used to accommodate oil platforms workers.

Monday, September 12th, 2016
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Federal Government will cut Pemex´s budget in 2017

The Federal Government is seeking to reduce public spending. The new Secretariat of Finance and Public Credit, José Antonio Meade, said that the economic package for 2017, envisages a reduction of MXN$100B for Pemex budget.

Monday, September 12th, 2016
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Pemex discovers oil deposits

Although public investment in the oil industry fell 35.5% in 2016, Pemex has achieved to discover some crude deposits. These are located on the coast of Tabasco and near the Cantarell complex.

Friday, September 9th, 2016
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