Reforms leave Pemex more cash to invest, says CFO

Reforms leave Pemex more cash to invest, says CFO

Economy & Policy Corporate & Sovereign Strategy

Energy reforms that are set to end the state’s monopoly over Mexico’s oil sector will allow Pemex more resources for its own operations, its chief financial officer Mario Beauregard said. The state oil firm’s tax spend is likely to decrease gradually and organically thanks to the reforms, he told LatinFinance. “To the extent that other players begin to generate resources for the federal government, and not just Pemex, our expectation is that Pemex will be left with more resources for its own ope

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