Pemex’s Budget Cuts and Production Challenges

Discover how Mexico's state-owned oil giant, Pemex, is navigating a 7.5% budget cut while facing a 9% production increase target. With its debt at an all-time high, explore the strategic decisions and potential private sector involvement needed to meet these ambitious goals. This episode delves into the financial and operational hurdles Pemex must overcome to ensure Mexico's energy sector remains stable and competitive.

Sources:
https://elpais.com/mexico/economia/2024-11-19/menos-dinero-y-mas-objetivos-de-produccion-el-presupuesto-mete-mas-presion-a-pemex.html
https://www.eleconomista.com.mx/sectorfinanciero/migrantes-mantienen-obligacion-solidaria-envio-remesas-banco-mundial-20241118-734760.html

Outline:
(00:00:00) Introduction
(00:00:39) Less money and more production targets: the budget puts more pressure on Pemex
(00:04:13) Migrants maintain solidarity obligation with remittances: World Bank