Overview

• As of March 31, Pemex’s supplier arrears remain at 404 billion pesos despite a 20% reduction, placing thousands of small and medium enterprises at risk of insolvency in key energy regions.
• President Claudia Sheinbaum denounced intermediaries charging ‘moches’ to speed payments and instructed providers to engage directly with Pemex management.
• Coparmex has intensified demands for a public, verifiable calendar of payments to guarantee lawful and transparent disbursement of owed funds.
• Federal authorities are finalizing an official debt-restructuring proposal aimed at resolving inherited overcosts and bolstering Pemex’s cash flow.
• Pemex’s total financial debt tops 2 trillion pesos after a 3.8% rise in 2024 and its sales and crude output have fallen by 2.5% and 11.3% respectively, deepening liquidity pressures.