Mexico's push to hit its oil and gas output targets would need about $160B in capex, including nearly $110B from Pemex, an IISD report says, while uncommercial fields could lose $17.4B over 15 years. #Mexico#Pemex#OilAndGas#EnergySecurity
Mexico plans to slash financial support for Pemex by nearly 70% in 2027, betting higher oil prices will help generate a $5.6B cash surplus. But Pemex still carries about $79B in debt and faces deep operational challenges. #Pemex#Mexico#Oil
Mexico’s fuel self-sufficiency push is being undermined by refinery reliability. Pemex processed just 1 million b/d in Q2, only 58% of installed capacity, while fuel imports rebounded despite billions spent on upgrades. #Pemex#Mexico#Oil#Refining
