As part of the decline in the price of oil, the oil company’s total sales decreased by 19.1%. The most pronounced drop occurred in the export market, where the drop in the price of crude oil caused its income from this concept to fall by 30%.
The state company reported a debt of 107.4 billion dollars at the end of the quarter, a marginal decrease of 0.28% compared to the figure reported at the end of last year.
Pemex management has said this morning in its conference with analysts that it is “possible” that it will not need government support during the rest of the year to meet its obligations related to the amortization of its debt. But that it continues in talks with the Ministry of Finance to agree on possible new support mechanisms and continue with the deferral of the payment of the Shared Profit Rate, the highest tax paid by the oil company to state coffers.
The company has said it must cover about $4.6 billion in write-downs for the remainder of the year.