Skip to content
business bureau

business bureau

business broker

Primary Menu
  • business bureau
  • Advertise Here
  • Contact Us
  • Privacy Policy
  • Sitemap
  • Home
  • Mexican finance ministry says fully behind Pemex on debt payments
  • Finance News

Mexican finance ministry says fully behind Pemex on debt payments

By Dayle Venture 2 weeks ago

Table of Contents

    • Sign up now for Absolutely free unrestricted accessibility to Reuters.com
  • Sign up now for Free of charge endless entry to Reuters.com
  • Register now for Absolutely free limitless accessibility to Reuters.com

Autos are witnessed future to gas pumps at business Petroleos Mexicanos (PEMEX) in a service station following Mexico suspended a week of gasoline subsidy alongside the U.S. border, in Ciudad Juarez, Mexico April 2, 2022. REUTERS/Jose Luis Gonzalez

Sign up now for Absolutely free unrestricted accessibility to Reuters.com

MEXICO Metropolis, April 28 (Reuters) – The Mexican authorities is completely ready to make Petroleos Mexicanos’ (Pemex) debt repayments anytime required, though larger oil charges have enormously improved the state oil firm’s funds flow, Finance Minister Rogelio Ramirez de la O explained on Thursday.

Responding to a Reuters report last 7 days that Pemex was underneath pressure to resume economical personal debt repayments following the federal government experienced beforehand claimed it would spend them until finally 2024, Ramirez said it was significant marketplaces recognized his ministry was entirely fully commited to supporting the firm. read a lot more

“The finance ministry will always be driving Pemex’s amortizations,” he informed Reuters, whilst incorporating that if the enterprise had the usually means to support its credit card debt, it would do so.

Sign up now for Free of charge endless entry to Reuters.com

“If Pemex has dollars move in this quarter, this thirty day period, or whatsoever, Pemex can make its very own payments.”

Reviving the fortunes of Pemex, which experienced economic money owed of $109 billion at the near of 2021, is 1 of President Andres Manuel Lopez Obrador’s top priorities.

Revenues at the company have been hit by yrs of declining oil manufacturing. Production has now stabilized.

Ramirez underlined that a soar in international crude costs, which has taken position considering that Russian forces invaded Ukraine in February, experienced eased strain on Pemex’s liquidity, and tremendously enhanced its cashflow in the latest quarter.

“We’re in an surroundings in which Pemex’s situation has transformed, he stated. “And in this new circumstance if Pemex has the cashflow to shell out off an amortization, or numerous itself, or 50 percent of a person or 50 % of several … it will do so.”

“And the finance ministry will go on to reply for every thing if it gets vital, or component of them, if important.”

Register now for Absolutely free limitless accessibility to Reuters.com

Reporting by Dave Graham
Enhancing by Alexandra Hudson

Our Specifications: The Thomson Reuters Have confidence in Rules.

Tags: "Taking Care Of Business, Amazon Business Credit Card, American Airlines Business Class, Att Business Login, Austin Business Journal, Best Bank For Small Business, Best Business Bank Accounts, Best Business Schools In Us, Best Business To Start, British Airways Business Class, Business Attire Men, Business Card Ideas, Business Casual Shoes For Women, Business Continuity Planning, Business Entity Search, Business Letter Template, Business Management Degree, Business Manager Facebook, Business Plan Outline, Business School Rankings, Colorado Business Search, Delaware Business Entity Search, Drop Shipping Business, Family Business Bet, Fox Business Live, Georgia Sos Business Search, Google Business Account, Harvest Small Business Finance, How To Build Business Credit, Is Saturday A Business Day, Is Sears Still In Business, Microsoft 365 Business, My Business Google, Name Generator Business, None Of Your Business, Ny Sos Business Search, Open A Business Bank Account, Pa Business Search", Plus Size Business Casual, Pnc Business Banking, Sos Business Search Ca, Sunbiz Business Search, The Business Of Being Born, Turbotax Home And Business 2020, Tx Sos Business Search, Venmo For Business, Verizon Business Plans, Virtual Address For Business, What Are Business Days, Women Business Casual

Continue Reading

Previous Stocks post back-to-back sessions of gains as traders await Fed [Video]
Next Elon Musk invited legal scrutiny by tweeting out his doubts about a $44 billion Twitter bid

Recent Posts

  • What Is Small Business SEO?
  • 3 Ways to Advertise Your Business on Google Maps
  • G7 countries eye $18 billion for Ukraine defense
  • Residents speak at hearing on eminent domain plan to seize Ronkonkoma bus company for Hub project
  • 7 Successful Strategies for Staying Motivated as a Solopreneur

Archives

  • May 2022
  • April 2022
  • March 2022
  • December 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • November 2018
  • December 2016

Categories

  • business bureau
  • Business Ideas
  • Business News
  • Business Plan
  • Finance News
  • Google My Business

visit now

travel zoo
Intellifluence Trusted Blogger

backlinks

linkspanel

textlinks

ewwlo.xyz © All rights reserved. | Magazine 7 by AF themes.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT