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Free AccessMexico's AMLO Declares Pemex Support
Mexico’s President Andre Manuel Lopez Obrador said his nation will continue to support state oil producer Pemex.
- Pemex is working on ramping up its refining operations and reducing its debt load.
- “We will continue defending Mexican petroleum and recovering our sovereignty,” AMLO said. “Long live Pemex! Long live Mexico!”.
- Pemex’s CEO said Monday that the company is aiming to boost refinery output to 1.7mn bpd by the end of the year.
- “The next government will inherit a stronger Pemex, with growing production and reserves,” and lower debt levels, Romero said.
- Dos Bocas, the company’s seventh refinery, in AMLO’s home state of Tabasco is set to increase fuel output. He said last week that fuel is expected from the refinery in April but has faced numerous setbacks.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.