Overview

• Suppliers report being asked to pay ‘moches’ of up to 30 percent to secure priority in overdue payment processing.
• On July 10, President Claudia Sheinbaum directed Pemex to eliminate intermediaries in supplier payments, yet suppliers contend ‘coyotes’ still extract bribes.
• Pemex owed suppliers just over 400 billion pesos in unpaid invoices as of March 31, having paid 147 billion pesos so far this year under a restructuring pact with the Finance Ministry.
• The company’s total financial debt has climbed above 2 trillion pesos, driven by inherited mismanagement, cost overruns and opaque contracts.
• Coparmex has urged Pemex to publish fixed payment calendars and enforce direct-settlement protocols to shield thousands of SMEs in energy hubs from insolvency.