Pemex Seeks Credit Solution as Unpaid Bills Halt Oil Operations
The Mexican oil industry faces a growing crisis as Pemex, the state-owned oil company, struggles with mounting debts to its suppliers. This financial predicament threatens not only the livelihoods of workers but also Mexico’s energy production goals. Pemex’s debt to suppliers has reached a staggering $20.5 billion as of the third quarter of 2024. This […]