Mexico City, (EFE) .- The Government announced the creation of an exclusive financial vehicle for Pemex of up to 250,000 million pesos that will be allocated for strategic projects of the state oil company during 2025.
“This vehicle will be for an amount of 250,000 million pesos that is sufficient for the investment program presented to us in Petróleos Mexicanos,” said Jorge Mendoza Sánchez, general director of the Banobras Development Bank, when presenting the strategy before authorities of the energy, business and financial sector.
The vehicle will be supported by a guarantee of the federal government and will have resources from both the development bank and commercial banking.
In addition, the issuance of instruments aimed at the investor public through fiduciary structures that grant greater liquidity is expected.
“In this way we are going to ensure that all the works, all the projects and all the services they do for 2025 have a fast payment, expedited through this investment vehicle,” Mendoza said.
Soser context:
With new plan, Sheinbaum government provides that Pemex does not need government support in 2027
Finance, Banobras and Pemex will coordinate the operation of this financing platform, said the official.
He explained that the supplier companies must first go to a window in Pemex and subsequently to Banobras for the validation and execution of the corresponding payment.
The Secretary of the Treasury, Edgar Amador Zamora, stressed that this scheme is part of a broader strategy to clean up Pemex’s finances, as part of the plan for strengthening the oil company, so that it stops having government support around 2027.
“The calculations we have and all the work is that by 2027, Pemex will not need support from the Ministry of Finance (…) because Pemex has to pay in 25 and in the 26 amortizations of her debt, very high and interest,” said President Claudia Sheinbaum before in her morning press conference.
Just last week, the government issued pre -capitalized notes for $ 12,000 million, with the purpose of strengthening the finance of the parastatal.
You may be interested: Fitch improves Pemex qualification after financial operation
Mixed projects in Pemex’s
Inside this plan, Pemex has also opened the door to the private ones and identified 21 projects under mixed development schemes that could be developed together in the country.
These are oil and gas fields with high production potential, located in land areas, shallow waters and deep water.
According to internal estimates, these projects could contribute up to 450,000 barrels per day of crude oil in their production peak, equivalent to 25% of the national platform projected by 2033.
The general director of Pemex, Víctor Rodríguez Padilla, stressed that the fundamental objective of the plan has been to raise income, reduce costs and have financial solidity, while enhancing its production platform to guarantee constant income.
Follow business information in our specialized section
