Jose Antonio Gonzalez Anaya laid out the reductions for Mexico's state-led oil company, which aim to carve out 28.9 billion pesos ($1.59 billion) in efficiencies and cost reductions.
It will also defer 64.9 billion pesos (3.58 billion) in investment projects that don't affect present output, with an eye to tapping new partnerships and other instruments afforded by Mexico's energy reform.
Pemex also plans to cut 6.2