The state-led giant says that another 30 billion pesos is under negotiations with suppliers.

An announcement this week marked the latest update from the company in resolving an outstanding 55 billion pesos of debt from 147 billion pesos owed at the end of 2015.

Pemex says it has already cleared some 92 billion pesos to suppliers, a process that has focused on small and medium contractors that has now filtered out to some 2900 businesses.

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