Overview

• Grupo Carso reports more than $700 million in unpaid invoices to Pemex for drilling and hydrocarbon services dating back 18 to 24 months.
• Unsettled dues account for roughly one-third of Carso’s accounts receivable, with many invoices not formally recognized by Pemex.
• Delayed payments reflect wider supplier arrears that reached 404 billion pesos by March, threatening operations of micro, small and medium enterprises.
• Allegations of corrupt intermediaries charging fees prompted July 10 government orders for Pemex to finalize a public debt-restructuring plan without third-party ‘coyotes’.
• Pemex has not issued an official response to Grupo Carso’s disclosure even as state authorities push for expedited, transparent settlements.