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Pemex Lifeline

MEXICO

It appears as if the aforementioned Mexican government's lifeline to state-owned oil firm Pemex will amount to roughly $5 billion.

  • The Mexican government will inject up to $1.6 billion into the state oil company this year and offer a tax break of 75 billion Mexican pesos ($3.68 billion), a senior official with direct knowledge of the matter told Reuters on Thursday.

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