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Low Oil Production: The Week in Oil and Gas
By Perla Velasco - Thu, 03/28/2024 - 13:23
National oil production hit its lowest in 15 months. Meanwhile PEMEX deals with an oil spill in Deer Park, Texas.
https://mexicobusiness.news/tag/ministry-finance
More Oil & Gas
Government Fights Illicit Fuels
By Perla Velasco - Thu, 10/26/2023 - 10:16
The government has taken measures to combat illicit fuel, while CRE has strengthened its regulatory capacity.
PEMEX’s Shared Profit Right Tax Contracts to 30%
By Perla Velasco - Fri, 10/20/2023 - 16:03
The Chamber of Deputies approved the 2024 Federal Revenue Law, introducing various adjustments including a reduction of PEMEX’s tax burden.
AMLO Proposes Further Tax Cuts for PEMEX
By Karin Dilge - Wed, 10/11/2023 - 14:33
President Andrés Manuel López Obrador is considering additional tax reductions for PEMEX, aiming to strengthen its financial position.
Mexico Expects 24% Drop in Oil Revenues for 2024
By Karin Dilge - Thu, 09/14/2023 - 04:29
Mexico anticipates a 24% reduction in oil revenues in 2024, primarily due to lower hydrocarbon prices and fluctuations in the exchange rate.
PEMEX Refinances Debt
By Perla Velasco - Tue, 08/01/2023 - 14:04
This refinancing initiative will be complemented by an injection of capital from the government.
PEMEX to Receive Support From the Ministry of Finance
By Karin Dilge - Thu, 06/08/2023 - 05:52
The Minister of Finance said the NOC will be supported by the Ministry to cover its debt.
PEMEX’s Financial Outlook for 2023
By Luis Miguel Labardini - Mon, 05/29/2023 - 10:20
PEMEX must take advantage of its strength in exploration and production and rethink its burdensome downstream strategy, writes Luis Miguel Labardini.
Government Will Support PEMEX With US$2 Billion Tax Deferral
By Karin Dilge - Tue, 04/18/2023 - 08:00
Gabriel Yorio, Deputy Minister of Finance, reported that the government will help the NOC by delaying tax payments.
COFECE Suggests Caps on PEMEX Jet Fuel: The Week in Oil & Gas
By Anmol Motwani - Wed, 04/05/2023 - 14:19
COFECE suggests putting caps on PEMEX to open the jet fuel market. The Ministry of Finance forecasts a drop in oil prices.