Financial reinforcement for Pemex
Mexico’s state owned Oil and Gas Company, Pemex, this week placed bonds for €2,25 billion as part of a plan to reinforce the financial structure of the company, affected by low oil prices. These resources will help to resolve the current situation of liquidity scarcity and will let the company to channel financial resources towards profitable projects. The bond placement came on the heels of credit facilities for 15 billion Mexican pesos negotiated this week by Pemex with local development Banks in order to repay debts with small and medium-sized suppliers.
Financing the hydrocarbons sector in Mexico will be one of the hot topics to be discuss at the 2nd Mexico Gas Summit, which will take place at the Sheraton Gunter Hotel in San Antonio, Texas, on April 13 and 14. For more details, visit www.mexicogassummit.com.
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