Claudia Sheinbaum's government presents a strategic plan to strengthen Pemex.
MEXICO CITY.- This Tuesday, during the usual press conference of the president of Mexico , Claudia Sheinbaum Pardo , a Strategic Plan for the Strengthening of Petróleos Mexicanos (Pemex) was presented, with which it is intended that the state company will stop requiring financial support from the Ministry of Finance by 2027 .
The president stated that, “The calculations we have and all the work is that by 2027 Pemex will not need support from the Ministry of Finance (…) Because Pemex has to pay very high amortizations and interest on its debt in 2025 and 2026.”
🗣️ "By 2027, Pemex will not need support from the Ministry of Finance," says President Claudia Sheinbaum.
⛽ He clarifies that Petróleos Mexicanos' debt must be paid year after year, for 2025 and 2026 they are high, which is why the Treasury supports it, but by 2027 it will be able to pay its... pic.twitter.com/f4jXczbCzL
Just last week, the Mexican government issued pre-capitalized notes for $12 billion, aiming to strengthen the state-owned company's finances.
However, this morning, the Mexican president explained that by 2027 Pemex will have "sufficient revenue to pay its debt, amortizations, and investments."
The state-owned company's financial debt is around $99 billion, and its supplier debt is around $23 billion.
"We have managed to build a vision for the future for Pemex with a thorough review of production and accounting figures from 2025 to 2035," said Claudia Sheinbaum.
The president stated that in recent months, financial, operational, exploration and production, refining, petrochemical, and other opportunities and alternatives to oil data have been analyzed in detail.
▶️ "In a decade, Pemex's debt balance increased by almost 130%"
Edgar Amador Zamora, Secretary of the Treasury, presents a strategy that seeks to reverse the effects of Pemex's debt #LaMañaneraDelPueblo pic.twitter.com/mSIhDGzhVv
— The Herald of Mexico (@heraldodemexico) August 5, 2025
For his part, the Secretary of Finance and Public Credit , Edgar Amador Zamora , noted that the plan also seeks to have Pemex reduce its debt by 26% to reach $77.3 billion by 2030.
Claudia Sheinbaum emphasized that this strategic plan takes into account Pemex's "production and accounting" over the next 10 years.
"It's a strategic vision for Pemex, for the present and future of Mexico, and perhaps it hasn't been done before," he emphasized.
On the other hand, he assured that payments to suppliers have already been made so far in 2025, and so far, 230 billion pesos have been paid.
The plan, which will be presented in detail later, will be based on three pillars: social development; support from the Ministry of Finance to reduce financial and commercial obligations; and a public financing scheme focused on productive investment projects through 2025.
▶️ Pemex will build three gas pipelines to connect well-being centers, announces Víctor Rodríguez Padilla, head of the oil company.
📺 The #People'sMorning on @mileniotv pic.twitter.com/6LVIR9HDQh
— Milenio (@Milenio) August 5, 2025
Víctor Rodríguez Padilla , director of Pemex, explained that the plan includes 13 points, including increasing crude oil production, exporting surpluses, and replenishing reserves; expanding natural gas production; increasing the supply of petrochemicals and fertilizers; and expanding the gas pipeline network in Oaxaca and Tabasco, in the south of the country.
Likewise, we will provide logistics services to third parties; improve product prices; produce energy sources other than hydrocarbons; produce lithium from petroleum brines; reduce greenhouse emissions; reduce expenses; and strengthen our financial position.
▶️ "This plan guarantees that Pemex can generate the necessary revenue starting in 2027."
Luz Elena González, Secretary of Energy, reaffirmed the financial strategy that seeks to strengthen Pemex in the long term #LaMañaneraDelPueblo pic.twitter.com/qVgMlEqREp
— The Herald of Mexico (@heraldodemexico) August 5, 2025
Meanwhile, Energy Secretary Luz Elena González emphasized that this plan "resolves Pemex's structural challenges and we are building toward the future."
He emphasized that this is reflected in the fact that last week, the Fitch rating agency raised Pemex's long-term rating, "and this hasn't happened in more than 11 years."
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