“We are exploring all (the options),” Romero said, adding that they had not ruled out the possibility of offering potential lenders guarantees backed by crude oil. — Bloomberg
MEXICO CITY: Mexico’s heavily-indebted state oil company Pemex will seek to avoid pricy capital markets even as it faces billions in maturing debts this year and next, its chief executive tells Reuters, saying Pemex has been “punished” by ratings agencies despite measurable improvements in its operational numbers.
With its financial debt totalling nearly US$108bil (RM488.2bil) at the close of last year, Pemex must pay down some US$8.2bil (RM37bil) expiring this year and another US$9bil (RM41bil) more in 2024 in both bonds and long-term bank loans.
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