Mexican Pemex is able to meet its 2023 depreciation: Treasury

Mexican Pemex is able to meet its 2023 depreciation: Treasury

Mexico’s Finance Minister Rogelio Ramirez de la O delivers a speech during the opening of the annual banking conference, in Merida, Mexico March 16, 2023. Mexican Presidency/Handout via REUTERS THIS PICTURE IS SUPPLIED BY A THIRD. NO RESALE. NO FILE

MÉRIDA, MéxicoDE MEXICO, March 17 (Reuters) – Mexico’s finance ministry expects oil company Pemex to be able to manage its debt repayments this year and that the agency will be ready to support it if needed, it said Secretary Rogelio Ramírez de la O.

Pemex, with $107.7 billion in financial debt and 8,200 long-term bond and bank loan write-downs in 2023, is analyzing its options to deal with it, its chief executive told Reuters last week.

“In 2023, what we expect is that it will be able to manage its debt write-offs and that we are going to be behind it when needed,” he told a press conference. .

(Report by Noé Torres, written by Ana Isabel Martínez)

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