The new administration of Pemex (Petróleos Mexicanos), led by Víctor Rodríguez Padilla, is preparing a new tax regime for the oil company. The executive mentioned that private investments would be welcomed to achieve financial and operational goals, although no specific details about the model to be used were provided.
In this regard, a plan is being analyzed that would include the cancellation of subsidies, restructuring of liabilities, focusing investments, and continuing austerity measures, among other actions. Additionally, it is anticipated that the strategy will seek to strengthen the company's financial position without neglecting contributions to the public treasury and the commitment to energy transition.
Rodríguez Padilla communicated that in the coming days the new plan will be announced, which is being developed in collaboration with the Ministry of Finance and Public Credit, led by Rogelio Ramírez de la O. Specific details will be revealed during the presentation of the budget package for 2025.
Regarding the financial strategy, the intention is to adapt the tax regime to make fields that are currently not economically sustainable viable. The main objective is to provide financial flexibility to the company to improve its operations and efficiency.
The executive also referred to the need to continue working on ESG to access other financial instruments, as well as to analyze alternatives for managing liabilities and provide targeted support from the government to Pemex suppliers. It is crucial to establish a payment program that generates trust and certainty among suppliers.
In relation to government support for the oil company, it is expected that the government will continue to provide backing to Pemex in 2025, as it did in the previous year. This is part of a strategy coordinated with the federal government to ensure the stability of the company in the upcoming fiscal year.
In this way, the new administration of Pemex is focused on implementing a comprehensive plan that allows for the improvement of the company's financial situation, promoting private investment and adapting the tax regime to the current needs of the sector. The ultimate goal is to ensure the sustainability and competitiveness of Pemex in the energy market.
