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Mexico's state-owned oil company has a 'liquidity issue' after it lost $32 billion last year
Thursday, March 3, 2016 7:58
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“Pemex is facing short-term financial difficulties,” Pemex’s new CEO José González Anayatold investors in a conference call on Monday.
The Mexican state-owned oil company is suffering from low oil prices just like every other driller out there, but Pemex has several unique problems that have put it in a worse position relative to many of its peers.
Pemex reported a $9.3 billion loss in the fourth quarter of 2015, bringing its full-year loss to a staggering $32 billion …. http://www.businessinsider.com
Source: http://luismmx.blogspot.com/2016/03/mexicos-state-owned-oil-company-has.html
