Mexico - 05

Mexico: Pemex’s High Profits Tarnished by Corruption Allegations

On 27 July Pemex submitted its third consecutive quarterly report showing net profits. In the first half of 2017 the company made $6.78bn in profits. This was enormous turnaround from 14 years of losses, including the $8.15bn in losses that Pemex recorded during the first half of 2016. While these new figures are certainly positive, the company has yet to overcome its decades-long financial crisis.


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