(Kallanish Energy, 18.Oct.2018) â The incoming Mexican government’s announcement to end oil exports is credit negative to both Petroleos Mexicanos (Pemex) and to the government’s credit quality, says Moody’s investors Service, in a new report. The oil companyâs operating cash flow would decline and become more volatile under the new refining-focused business […]
Tag: Nymia Almeida
Mexicoâs Struggling Pemex Awaits New Presidentâs Risky Fix
(Bloomberg, Amy Stillman, 14.Aug.2018) â By most financial measures, Mexicoâs state oil company is seriously unwell. The countryâs new leader is promising to revive it. But the treatment could end up killing the patient. After borrowing more than $100 billion, Petroleos Mexicanos is one of the worldâs most indebted oil […]