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

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

Fugro Lands Deepwater Gas Field Job in Southeast Asia

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

Three Dead in Chevron's Angolan Oil Patform Fire

Mubadala Energy Open to Sell Andaman Gas for Domestic Use

Turkey Discovers New Black Sea Gas Reserve

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

Cairn India Might Invest in US Oil Servicing Firms to Increase Production

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

Japan's Mitsui Eyes Alaska LNG Project

Current News

MODEC, Carbon Clean to Advance FPSO-Mounted Carbon Capture Tech

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Fugro Lands Deepwater Gas Field Job in Southeast Asia

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

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