The state company, considered the most indebted oil company in the world, has tried to reduce its financial liabilities since the beginning of the six-year term under the premise of not resorting to new indebtedness, but so far the results have been little encouraging.
Pemex’s debt has increased continuously in recent years, reaching a record figure of 113.227 million dollars in 2020. “We hope to close this year with quite good figures that we will announce to you at the time,” said the director of the state company in his appearance.
Pemex, which has failed to meet any of the crude and refined production goals set out in its business plan, expects to end this year with an oil production of 1.8 billion barrels per day, below estimates made previously. .
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