FUEGO: Pemex Jumps Out of the Frying Pan

Posted on 10/16/2019

The government of Mexico is facing more troubles with Mexican Petroleum, or Pemex. Mexico had planned for Pemex’s potential profits to fuel an increase in public entitlements, but the company has proven to be a sinkhole. Pemex is currently slated for a US$ 7.4 billion injection by the Mexican government over the next three years. […]