Payments to Suppliers Are Coming, Beware Scams: Sheinbaum

During her morning press conference on Monday, President Claudia Sheinbaum addressed a question regarding PEMEX’s outstanding debt with providers. She said the debt is being paid “little by little” and that an important part of it had already been paid. 

“What we are doing is thoroughly reviewing all the jobs that were done and for which we are yet to pay. We are going to deliver on those payments,” said Sheinbaum.  

Earlier this month, Sheinbaum announced during one of her press conferences that PEMEX had already paid 60% of its debt to providers. However, according to PEMEX’s 1Q25 financial report, PEMEX had paid MX$101.6 billion (US$5.24 billion) out of its MX$506 billion debt reported at the end of 2024. This represents about one fifth of the debt paid, in contrast to the nearly two thirds claimed by Sheinbaum. As of the end of March, the current debt to providers sits at MX$404.4 billion. To reach 60% of the debt covered, almost 40% would have to be paid between April and the beginning of May.

Sheinbaum also took the time to address concerns of providers that had been scammed by coyotes. These middlemen offer to facilitate PEMEX’s payments to providers for a cut of the money. However, providers should expect payments to arrive without the need of a third party, said the president. 

“They (providers) should not fall for any coyotes. That is not going to help them. Besides, that contributes to corruption and we are against that,” said Sheinbaum.