Mexico City, (EFE) .- Pemex increased its debt with suppliers by 6.4% during the second quarter, that is, an increase of more than 26,000 million pesos.
The debt with suppliers went from 404,407 MDP in the first quarter to 430,540 MDP at the close of the first six months of the year, according to the report of the second quarter presented this Monday at conference with investors.
The state oil company acknowledged that the payment to contractors and suppliers is one of the main commitments it faces and stressed that during the first half of the year, it allocated 230,000 MDP to amortize debts, according to Juan Carlos Carpio, corporate director of Finance, before investors.
However, the pending debt represents almost twice that figure, which keeps the operation of hundreds of companies, especially small and medium, in states such as Tabasco, Veracruz and Tamaulipas, as indicated by the employer Confederation of the Mexican Republic (Coparmex).
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In June, the Mexican Association of Petroleum Services Companies (AMESPAC) warned that suppliers were at risk of stopping operations from July due to lack of liquidity.
At the same time, Coparmex denounced irregularities and corruption in internal processes to release payments, a situation that aggravates the financial crisis of multiple companies that depend on Pemex as the main client.
Pemex provides for greater payments to suppliers
During the presentation of semiannual results, Carpio anticipated that in the second semester “a larger capital and a payment greater to suppliers are expected.”
As part of the Comprehensive Plan to improve its financial position, the Ministry of Finance made in July an issuance of precapitalized notes, with which it is expected to allocate part of the resources to cover operational needs, including debt with suppliers.
The Fitch Ratings qualifier placed PEMEX’s credit ratings under positive observation after the announcement of this operation calculated at 9.5 billion dollars.
Despite these efforts, Pemex’s total liabilities continues to be a red focus.
“Another fundamental advance is the operation announced by the Ministry of Finance, consisting of precapitalized notes, which will allow Pemex to have resources to meet operational and financial needs within the objectives of the balance sheet. The operation is part of a comprehensive financial strategy,” Carpio explained in the call with investors.
Although no specific amounts were detailed for each item, it was anticipated that there will be more official ads in the coming weeks.
Falls 8.6% liquid hydrocarbons production
In parallel, Pemex faces a fall in its production of liquid hydrocarbons. In the second quarter, he reported an average volume of 1.6 million barrels per day, which represents a decrease of 8.6 % compared to the same period of 2024, attributed to the natural decline of mature fields and technical failures in key equipment.
In this context, Pemex reported accumulated net benefits of 16,187 MDP in the first semester, promoted by a lower fiscal burden, in the midst of “complex challenges” and nine months of the change of its administration is restructured.
This result marks a recovery against the net loss of 268,647 MDP recorded in the same 2024 period.
