PEMEX’s debt: its absorption by the SHCP to convert it into sovereign debt and its fiscal implications
At a press conference held last Friday, January 27, 2023, President Andrés Manuel López Obrador announced measures whereby the Ministry of Finance and Public Credit (“SHCP”) would convert part of Pemex’s debt with various lenders into a sovereign debt, which implies that the State will pay part of the debt, providing support to such state-owned […]
Possible reforms to the Pemex law
Last January 9, 2019, deputies of the Morena Parliamentary Group presented before the Permanent Commission of the Congress of the Union an initiative that amends, adds and repeals various provisions of the Law of Petróleos Mexicanos (the “Initiative”).