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PEMEX Recovery Derailed by High Government Take: Fitch Ratings

MEXICO
  • Petroleos Mexicanos (PEMEX) has failed to leverage elevated oil prices to strengthen itself and evolve into a sustainable, reliable energy company due to a stubbornly high government take, according to a new Fitch Ratings report.
  • Link: https://www.fitchratings.com/research/corporate-fi...

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  • Petroleos Mexicanos (PEMEX) has failed to leverage elevated oil prices to strengthen itself and evolve into a sustainable, reliable energy company due to a stubbornly high government take, according to a new Fitch Ratings report.
  • Link: https://www.fitchratings.com/research/corporate-fi...