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.
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. |
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