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Mexico unveils finance revamp in Pemex push

Bid to boost upstream investment and to tackle fuel theft and corruption but market watchers sceptical plan can work

Bid to balance the budget: Mexico's President Andres Manuel Lopez Obrador speaks during a news conference to announce a plan to strengthen the finances of state oil company Pemex
Bid to balance the budget: Mexico's President Andres Manuel Lopez Obrador speaks during a news conference to announce a plan to strengthen the finances of state oil company PemexPhoto: REUTERS/SCANPIX
  • Kathrine Schmidt
Houston
PoliticsCorporateFinancialAndres Manuel Lopez ObradorPemex
Published 20 February 2019, 13:16Updated 20 February 2019, 16:14