Some of our clients have ongoing and prospective projects with Pemex. This article, published in El Economista last fall, explains overall P&L results for Pemex. What will Pemex financial difficulties mean for ongoing and upcoming Pemex investments?
As of the 3Q of 2014 (with an average exchange rate of $13.5/dollar) Pemex showed an accumulated loss of 11.3 billion Dollars. This loss represents an increase of 59.8% over 3Q Results for 2013. Pemex’s Treasury Department informed that this could delay planned investment projects.
As of the 3Q of 2014 (with an average exchange rate of $13.5/dollar) Pemex showed an accumulated loss of 11.3 billion Dollars. This loss represents an increase of 59.8% over 3Q Results for 2013. Pemex’s Treasury Department informed that this could delay planned investment projects.
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