Claudia Sheinbaum Pardo said that as soon as she takes office as president of Mexico she will renegotiate the long-term debt of Petróleos Mexicanos (Pemex), a part of which will mature next year.
To this end, she is already working on a plan to renegotiate at least a part of that debt.
Currently, the state-run oil company under Octavio Romero Oropeza leadership has a 106 billion dollar debt, of which about 6,800 expire in 2025.
“Next year an important part of Pemex’s debt expires and we are already working on it. We are of course preparing a plan to renegotiate this debt, which is something that has to be done, and at the same time working on a long-term plan that has to do with Pemex exploitation of hydrocarbons and refining, the launch of petrochemicals and a long-term vision where Pemex also enters renewable energy cogeneration (sic),” he stated.
No more oil bids
In line with what the candidate for the ruling coalition “Let’s Keep Making History” has called the Second-Upper Track of the Fourth Transformation, last week Jorge Islas, Sheinbaum’s team energy coordinator, reiterated the intention to continue with the current policy not to grant more contracts to private investors for hydrocarbons exploration and extraction through the oil-bid rounds mechanism.
Likewise, he said that the next government will focus on maintaining the crude oil production platform at an average 1.8 million barrels per day.
The rest of the country’s energy needs, he specified, will be covered with renewable energies.
“Nothing tells us that there is a need to have more oil,” Islas said at his participation at an Autonomous Technological Institute of Mexico (ITAM) forum.