AMLO promises capital for Pemex

AMLO promises capital for Pemex

Corporate & Sovereign Strategy Economy & Policy Equity Mexico Energy Oil Regulation

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

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