The promise that Pemex will stop requiring financial support from the Treasury from 2027 will depend on structural losses and compliance with suppliers to preserve jobs, boost the economy and recover the confidence of investors, said the employer confederation of the Mexican Republic (Coparmex).
The employers added that transparency and independent audits are also indispensable conditions to consolidate Pemex’s financial self -sufficiency.
“We maintain that Pemex’s financial self -sufficiency in 2027 will only be viable if the sources of structural loss are eradicated. The recovery of resources derived from eliminating inflated contracts, curbing illegal imports and attending to priority the payment of debts with suppliers must be the priority,” he said in a statement.
He said that in any restructuring plan, Pemex must comply promptly with its suppliers because thousands of companies, especially in the southern region, depend on these payments to sustain their operation, preserve jobs and boost the regional economy.
“Honoring these obligations will strengthen the production chain and send an unequivocal sign of seriousness and commitment, indispensable to recover the confidence of investors and commercial partners,” he said.
Coparmex recognized advances such as the improvement in credit rating by Fitch Ratings and the projection of reducing the financial debt of the oil company of 113.2 billion dollars in 2021 to 77.3 billion in 2030, equivalent to a decrease of 26%.
The agency also highlighted the creation of an investment fund of 250 billion pesos with federal guarantee and support of the development bank.
He added that the production goals of 1.8 million barrels per day and natural gas expansion to 5 billion cubic feet in 2028, as well as the commitment to renewable energy and cogeneration between 600 and 900 megawatts, show a more diversified vision of the energy matrix.
However, he clarified, they are goals that require impeccable execution and planning based on technical, non -political criteria.
The organization argued that structural gaps persist that put Pemex’s sustainability at risk, and that illegal imports and hydrocarbons, whose sub -registration implies evasion of taxes and million -dollar losses has not been clearly approached.
“Ignoring these resource leaks compromises the competitiveness of refineries and remains margin for reinvestment,” he said.
He said that another critical point is the absence of robust governance mechanisms, and although the Government mentions greater transparency and traceability of resources in the Single Board of Board,, the strengthening of corporate governance or the incorporation of independent audits is not specified.
“Experience shows that without effective external surveillance, efficiency and accountability are vulnerable,” he warned.
Coparmex shared that it is in favor of a strong, competitive and aligned Pemex to the best international practices, but to achieve this, a permanent commitment to transparency, the strengthening of corporate governance and financial discipline is indispensable.
He said that efficiency cannot depend on extraordinary income or temporary measures, but must be the result of an orderly and professional management.
He added that the participation of the Mexican private sector in the energy development of the country and in collaboration with Pemex is essential.
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