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Published on Monday, February 29, 2016 | Updated on Sunday, May 13, 2018

Mexico | Plan announced by Pemex, step in the right direction but with lots yet to be done

Today Pemex announced some details about the MXN$100 bn budget cuts for 2016. Almost two thirds of these cuts (MXN$64.9 bn) has been planned to reduce or postpone investment projects contingent on their profitability and available resources

Documents to download

Report (PDF)

160229_Recortes_Pemex Spanish February 29, 2016
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Authors

Arnulfo RodríguezBBVA Research - Principal Economist
Carlos SerranoBBVA Research - Chief Economist

Geographies

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Mexico

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