Mexico - 07

Mexico: Private Partnerships Key to Pemex’s Recovery

Pemex has adjusted to Mexico’s new energy regulatory framework and is finally recovering from two years of declining international oil prices. On 2 May Pemex released its Q1 2017 financial report, which showed it had made a profit for the second consecutive quarter. Pemex’s Q1 profit of 88bn pesos ($4.6bn) was a massive turnaround from the 67bn pesos in losses it reported in Q1 2016.


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