Regarding pending payments with suppliers, González reported that the company has paid about 75,000 million pesos (about 3,650 million dollars) pending today and hopes to conclude the remaining ones in March.
The debt, according to Balances of Pemex himself, reaches 20.5 billion dollars, but officials said it is being reviewed.
Pemex’s director, Víctor Rodríguez, said that the oil quality problem of the oil company is “conjunctural” and that it can be resolved, but admitted that some buyers have complained in the last month, when a fall in sales was recorded external company.
Petroleum exports from Mexico to the United States, the main buyer of the national crude oil, fell to a weekly historical minimum of 149,000 BPD in the week ended on January 31, according to data from the Energy Information Administration (EIA) that date back at 2010. That figure was lower to the minimum of 151,000 BPD in the week ended on November 22, 2024.
Lee: Pemex denies that Eu reject raw, but recognizes complaints about its excess water
“We have a specifically problem, very conjunctural, salt and water,” Rodriguez said at a press conference with President Claudia Sheinbaum, in response to a reuters question about whether Mexican oil buyers had asked discounts for the condition of crude oil .
“Lately they have been complaining a little of the quality of salt and water that it brings,” the official acknowledged.
He explained that the claims had been given since December, although he said that no ship had been rejected, that the problem was “controlling” and does not affect exports to the United States.
Sheinbaum, on the other hand, said that it is something that occurs in all the oil companies of the world and there are mechanisms to solve it.
“We have no problems in Pemex or oil production, they are conjunctures that have been given historically,” he added.
The president and the director of Pemex presented the work plan in the company for the 2025-2030 period together with the Secretary of Energy, Luz Elena González, who said that the company’s financial debt currently is about 97,000 million dollars.
‘Pemex has paid 3,650 million pesos to suppliers’
Regarding pending payments with suppliers, González reported that the company has paid about 75,000 million pesos (about 3,650 million dollars) pending today and hopes to conclude the remaining ones in March.
The debt, according to Balances of Pemex himself, reaches 20.5 billion dollars, but officials said it is being reviewed.
Lee: Pemex announces investment for more than 90,000 million pesos in the Sheinbaum government
Sheinbaum reiterated that the Government will continue to support the company through the Ministry of Finance and the Budget because “it is less burdensome for the company.” “We do not want Pemex to go to the markets,” said consulted about that possibility to raise resources.
In mid -January, Sheinbaum said Pemex would pay his debt to suppliers in March.
In mixed contracts, private companies will not be members
Pemex hopes to increase its crude oil reserves for at least 10 years of consumption and has 12 strategic projects that will contribute 61% hydrocarbon production, Rodríguez explained.
The investment planned for this year is 220,000 million pesos (about 10,733 million dollars). The Government wants Pemex to pump 1.8 million BPD, but the company is reporting lower levels.
He also announced that Pemex expects to invest about 105,000 million pesos to continue the rehabilitation of refineries and in the case of Olmeca, opened in recent years, and Deer Park, in the United States, said that Pemex’s plan is to take them to the maximum capacity.
Rodríguez also explained that as part of a recent constitutional reform of the national energy sector, private companies that participate in mixed projects with Pemex will not be “partners” and the state firm will continue to be the “assignee”.
Sheinbaum explained that from the profits of the mixed contract, a percentage will be used to pay the investment, taxes and what is subtracted, half of the profit will be for the private participant and the other for Pemex.
Sheinbaum also confirmed that the Pemex project with Grupo Carso, by Carlos Slim, to develop the first natural gas deposit in the country, Lakach, is in a review phase.
“It is a contract that comes from the past administration and is being reviewed at this time to find the best conditions,” he said.
The president did not rule out expanding the participation of Grupo Carso, in response to another Reuters question about the company’s interest in having two additional fields.
Carlos Slim said on Monday that his team was analyzing the agreement, that he would allow to develop a plan that the billionaire described as “complicated.”
With Reuters information
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