Mexico plans to set aside $6 billion for Pemex in draft budget, Bloomberg reports

(Reuters) – Mexico plans to set aside about $6 billion from its 2025 draft budget for heavily indebted national oil company Pemex and would help its debt obligations next year, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Despite government efforts to reduce debt, Pemex carries financial debt of about $100 billion and provider debt of about $20 billion.

This post is originally published on INVESTING.

  • Related Posts

    Oil falls after Trump reverses Colombia sanctions threat

    By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

    Dollar gains on tariffs fears; euro looks to ECB meeting

    Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Cyprus Stock Exchange Suspends Three Firms Following CySEC Directive for Reporting Failures

    • July 31, 2025
    Cyprus Stock Exchange Suspends Three Firms Following CySEC Directive for Reporting Failures

    Trump Tariff on India: Will 25% Tax Hurt Exports?

    • July 31, 2025
    Trump Tariff on India: Will 25% Tax Hurt Exports?

    Key Economic Events to Watch in August 2025

    • July 31, 2025
    Key Economic Events to Watch in August 2025

    Paper Silver vs Physical Silver: What Investors Still Get Wrong?

    • July 31, 2025
    Paper Silver vs Physical Silver: What Investors Still Get Wrong?