March 1, 2021
Mexican President Andrés Manuel López Obrador said the government will inject capital into Pemex and implement other measures to allow the state-owned oil company to increase production.
"Taxes are being reduced to strengthen Pemex as well as the [state-owned electric utility company] CFE... so that t doesn't lack the resources the exploration and production of oilfields," AMLO said at a daily press conference on Thursday.
When asked by a reporter if the government would put more capital into Pe
Mexican president adds that tax breaks will save $4.8 bln for the state-owned oil company