PEMEX signs agreement for the total purchase of the Deer Park Refinery

PEMEX signed an agreement to purchase 50.005% of Shell’s stake in the refinery located in Houston, Texas.

PEMEX will own 100% of the refinery once it has the regulatory approvals in the United States and the transaction is completed in the last quarter of the year.

With this transaction, PEMEX seeks to advance the country’s energy self-sufficiency.

Source: PEMEX

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Rating agencies ratify Mexico’s credit rating

The rating agencies recognize the solid management of the Mexican government’s debt during the pandemic, which limited indebtedness. They also point out that sustainable public finances support the country’s macroeconomic stability.

Source: SHCP

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