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

    Gold prices rise, set for strong weekly gains on Russia-Ukraine jitters

    Investing.com– Gold prices rose in Asian trade on Friday and were headed for a strong weekly gain as increased tensions between Russia and Ukraine sparked a broad rush into traditional…

    Asian FX muted as dollar remains at 1-yr high; yen steady as inflation rises

    Investing.com– Most Asian currencies were muted on Friday as the U.S. dollar remained near a 13-month high, while the Japanese yen steadied after consumer inflation came in slightly above expectations. …

    Leave a Reply

    Your email address will not be published.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

    You Missed

    Gold prices rise, set for strong weekly gains on Russia-Ukraine jitters

    • November 22, 2024
    Gold prices rise, set for strong weekly gains on Russia-Ukraine jitters

    Asian FX muted as dollar remains at 1-yr high; yen steady as inflation rises

    • November 22, 2024
    Asian FX muted as dollar remains at 1-yr high; yen steady as inflation rises

    Oil heads for weekly gains on anxiety over intensifying Ukraine war

    • November 22, 2024
    Oil heads for weekly gains on anxiety over intensifying Ukraine war

    Oil prices rise, head for weekly gain on Russia-Ukraine tensions

    • November 22, 2024
    Oil prices rise, head for weekly gain on Russia-Ukraine tensions

    Oil rises as intensifying Ukraine war increases supply risk

    • November 22, 2024
    Oil rises as intensifying Ukraine war increases supply risk

    Exxon group pulls out of talks with Guyana over shallow water oil block, government says

    • November 21, 2024
    Exxon group pulls out of talks with Guyana over shallow water oil block, government says