Mexico’s Pemex Says Supplier Debt Down 50% Under Current Government

(Reuters) – Mexico’s state-owned oil company Pemex has paid down off half its debts to suppliers since President Claudia Sheinbaum took office in October 2024, the company’s chief executive said on Friday.

CEO Victor Rodriguez said in a presentation to Congress that the company had paid 300 billion pesos to suppliers as of September, and had used a recently created financial vehicle to pay off supplier debts.

Reporting by Adriana Barrera; Writing by Brendan O’Boyle

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