Mexico | Plan announced by Pemex, step in the right direction but with lots yet to be done
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
Summary
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
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Regional Analysis Mexico
- Energy and Commodities
Authors
Arnulfo Rodríguez
BBVA Research - Principal Economist
Carlos Serrano
BBVA Research - Chief Economist