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Mexico | Federal Gov.’s support allows Pemex to improve its financial situation in 2016

Wednesday, April 13, 2016

Mexico | Federal Gov.’s support allows Pemex to improve its financial situation in 2016

The Federal Government’s support of Pemex amounts to a total of 123.5 billion pesos and comes from three sources: an equity contribution; the conversion of Pemex’s pension bond into negotiable instruments of the Federal Government; and a reduction in the duties payable by the Company deriving from the changes to its tax regime

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