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Pemex's failure to pay debts threatens suppliers' survival, industry warns | WSAU News/Talk 550 AM · 99.9 FM

By Adriana Barrera (Reuters) - Mexican state energy company Pemex's mounting debt with oil service providers as well as private crude and gas producer. ....

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Pemex's failure to pay debts threatens suppliers' survival, industry warns

Pemex's failure to pay debts threatens suppliers' survival, industry warns
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

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Pemex's failure to pay debts threatens suppliers' survival, industry warns

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices. ....

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Pemex's failure to pay debts threatens suppliers' survival, industry warns

Mexican state energy company Pemex's mounting debt with oil service providers as well as private crude and gas producers threatens production, investment and in some cases even the survival of suppliers, industry groups warned. In addition to financial debt of more than $105 billion, the company disclosed that at the end of September it owed local and foreign companies about 297 billion pesos ($17.22 billion). Private oil operators' industry group Amexhi warned this week in a letter to the government, seen by Reuters, that Pemex's reluctance to pay threatens not only production but also projects already underway and some companies' very existence. ....

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Mexico president taps new energy chief as his term enters final year

Mexico president taps new energy chief as his term enters final year
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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