Amespac requires Pemex to pay 103,600 million pesos

The association that brings together the most important global oil services companies in Mexico required Petróleos Mexicanos (Pemex) to pay overdue debts totaling 103.6 billion pesos, according to a letter made public yesterday.

In a letter sent on November 15 to authorities including the Secretary of Energy and the general director of Pemex, the Mexican Association of Petroleum Services Companies (Amespac) said it is confident that a new tax regime that was announced for Pemex allows the company to meet its short-term debts, invest in strategic projects and reduce its financial debt.

This is not the first time that suppliers and companies have made calls of this type to Pemex, arguing that the lack of payments could affect the state company’s hydrocarbon production, which carries a debt of more than 97 billion dollars, recurring capital. of negative work and huge losses this year.

According to the association, Pemex has documented short-term debts as of the third quarter for 50,458 million pesos and 53,144 million pesos estimated in completed work already delivered that has not been registered.

Due to this situation, which has caused an adverse effect on our finances and a negative impact on the regions where we work, we request that a reliable payment schedule be made known to us as soon as possible to cover both overdue and current debts..

Government and Pemex authorities recently indicated that they would meet these commitments. The company has been announcing payment plans for years, but continues to accumulate debts with various suppliers.

In its financial statements reported for the third quarter, Pemex estimated the debt with suppliers at 20.5 billion dollars. In the past, the company disclosed that the amount contained accumulated litigation liabilities.