Yorio said Pemex, one of the world’s most indebted oil companies, has already paid $6 billion in debt repayments in 2023.
The 40% DUC is the most significant tax that Pemex, one of the most indebted oil companies in the world, must pay to the Government, which has supported the state oil giant in recent years with million-dollar injections of capital to alleviate its finance.
“The way we can do it very quickly is to provide liquidity to Pemex, not through capitalization, but to allow it not to immediately pay us the ‘royalty’, the right to share utility,” Yorio said in an interview. with Reuters in the framework of the spring meetings of the International Monetary Fund (IMF) and the World Bank.
“That roughly gives them a cash flow of $2 billion,” he added.
Regarding the recently announced purchase of plants by the Spanish company Iberdrola in Mexico, the official said that within a year a financial vehicle will be created that will concentrate public investors, including a state infrastructure fund, Fonadin.
