Mexico's Sheinbaum Says Her Pemex Debt Refinancing Plan Includes New Ventures [BNN Bloomberg (Canada)]
Banco Bilbao Vizcaya Argentaria S.A. (BBVA)
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Source: BNN Bloomberg
projects and boost certainty about the state oil firm's future, said presidential candidate Claudia Sheinbaum. The candidate for the ruling Morena party said the company's expansion of renewable energy production and forays into cogeneration could be part of Mexico's contribution to reducing world greenhouse gas emissions, expanding on her potential plans for the world's most-indebted oil company if she wins the Mexican election in June. “We have a plan for Pemex. I know many of you have it on your minds, and it has to do with a refinancing of the debt associated with a long-term plan for Pemex,” Sheinbaum said at an event hosted by the Council of the Americas in Mexico City on Monday. “In the face of climate change, Pemex has to enter new markets.” Natural gas and oil would still remain “indispensable” for the company, said the former Mexico City mayor, but plans for expanding the firm's kinds of production would aid with the debt refinancing. As of Monday, Sheinbaum had 59% of
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