Pemex CEO Questions Ratings Downgrade

Monday, March 18, 2019

The chief executive of Mexican state oil company Pemex on Monday questioned credit agency downgrades to the firm's debt, saying the same agencies had not acted when the company's investment and oil exploration activity diminished under past governments.

Octavio Romero Oropeza, speaking at a news conference, said investment in the struggling company was expected to jump 212 percent this year, and that its oil production would rebound to 2.48 million barrels per day by 2024.


(Reporting by Daina Beth Solomon; Editing by Frank Jack Daniel)

Categories: Finance Energy North America

Related Stories

IEA: Middle East Conflict Reshaping Medium-Term Gas Outlook

Brent Near $114 as Middle East Conflict Continues

Thailand Cancels Offshore Energy Exploration Pact with Cambodia

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

US-Israel War on Iran Creates Biggest Energy Crisis in History

Oil Flows to Lag Even if Hormuz Strait Reopens

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

Oil Executives Flag Long-Term Impact of Iran Conflict

US Oil Shield Starts Showing Cracks as Iran War Drives Prices Higher

Current News

Eni Advances Giant Indonesia Gas Discovery after ‘Exceptional’ Well Test

IEA: Middle East Conflict Reshaping Medium-Term Gas Outlook

ADNOC Drilling Finalizes MB Petroleum JV, Expands Regional Fleet

Brent Near $114 as Middle East Conflict Continues

Thailand Cancels Offshore Energy Exploration Pact with Cambodia

Vessel Sector Deep Dive: WTIVs

Indonesia’s Mako Gas Project on Track for First Gas in 2027

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

UAE Exit Weakens OPEC, Raises Risk of Price War

United Arab Emirates Exits OPEC and OPEC+

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com