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Ana Isabel Martinez

Mexico unveils Pemex business plan, but banks underwhelmed

17 Jul 2019

MEXICO CITY Mexico on Tuesday unveiled parts of a keenly awaited business plan meant to bring the world's most indebted oil company back from the abyss, but its vow of $7.2 billion in government support failed to dispel worries of a ratings downgrade.

UPDATE 5-Mexico unveils Pemex business plan, but banks underwhelmed

17 Jul 2019

MEXICO CITY, July 16 Mexico on Tuesday unveiled parts of a keenly awaited business plan meant to bring the world's most indebted oil company back from the abyss, but its vow of $7.2 billion in government support failed to dispel worries of a ratings downgrade.

Exclusive: Pemex plans debt refinancing, greater output as path to healthier balance sheet

21 Jun 2019

LEON, Mexico Mexican state oil company Pemex plans to refinance $2.5 billion (£1.9 billion) in debt this year while trying to revive oil output to boost income, the firm's chief financial officer said, as pressure mounts from ratings agencies over the company's performance.

Mexico's Pemex to stick to areas it knows best, pass on deepwater: CFO

21 Jun 2019

LEON, Mexico Petroleos Mexicanos will focus on shallow water projects and onshore plays, and avoid investing in its deepwater riches for now, as the ailing Mexican state-run oil company seeks to turn around a 14-year slide in crude production, a top official said on Thursday.

Fallen angel? Pemex's wings clipped by the bond market

21 Jun 2019

By Stefanie Eschenbacher, Kate Duguid and Ana Isabel Martinez

UPDATE 2-Mexico's Pemex to stick to areas it knows best, pass on deepwater -CFO

21 Jun 2019

LEON, Mexico, June 20 Petroleos Mexicanos will focus on shallow water projects and onshore plays, and avoid investing in its deepwater riches for now, as the ailing Mexican state-run oil company seeks to turn around a 14-year slide in crude production, a top official said on Thursday.

UPDATE 1-Fallen angel? Pemex's wings clipped by the bond market

20 Jun 2019

By Stefanie Eschenbacher, Kate Duguid and Ana Isabel Martinez

Pemex bond holders see downgrade to 'junk' status ahead

06 Jun 2019

MEXICO CITY, June 6 Investors at six of the world's largest asset managers, all of whom own the bonds of Mexican national oil company Pemex, expect them to be downgraded to "junk" status within months.

In bold anti-graft push, Mexico sets sights on ex-president's confidant

29 May 2019

MEXICO CITY Mexican President Andres Manuel Lopez Obrador made his boldest move yet to root out entrenched corruption by going after one of his predecessor's closest aides, a former chief of state oil firm Pemex, for alleged bribery, tax fraud and other crimes.

Mexico promises $7.3 billion in tax relief for troubled Pemex

24 May 2019

MEXICO CITY Mexico's government aims to give $7.3 billion in tax relief to heavily indebted state oil company Pemex, according to a document seen by Reuters on Thursday, in an effort to cool fears over its financial viability and the impact on the wider economy.

World News