Mexican oil company Pemex has ruled out fracking in its first mixed contracts to avoid controversies. This decision comes amid an investigation into Marinsa, a company that received preferential treatment during Octavio Romero Oropeza's administration. According to the Attorney General's Office, Marinsa used over 30 bank accounts to launder money totaling approximately 125 million pesos between 2019 and 2021. The new Attorney General's Office has filed for the extinction of domain over these funds. Currently, Pemex faces a multi-billion debt to service providers, combined with a financial debt of around 100 billion dollars, as it seeks ways to settle its obligations.
Pemex rules out fracking in first mixed contracts
Pemex avoids fracking in new contracts to prevent controversy. An investigation reveals money laundering by Marinsa, linked to the previous administration. Pemex struggles with massive debts to suppliers.