Launch of the Chetumal I Wellbeing Development Hub

The Ministry of Economy (Secretaría de Economía, SE) and the Government of the State of Quintana Roo have launched the Chetumal I Wellbeing Development Hub.

Today, the Secretary of Economy, Marcelo Ebrard, and the Governor of Quintana Roo, Mara Lezama, led the signing of the agreement that formally marks the start of work for the construction of the Chetumal I Wellbeing Development Hub.

Source: Ministry of Economy (Secretaría de Economía, SE)

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Pemex: 2025–2035 Strategic Plan

The Ministry of Energy (SENER), the Ministry of Finance and Public Credit, and Petróleos Mexicanos (Pemex), Mexico’s state-owned oil and gas company, jointly present the ten-year Strategic Plan, which lays out a vision for both the present and the future.

  • Pemex: 2025–2035 Strategic Plan is a roadmap that defines the company’s financial and production strategy for the next decade, with a long-term outlook.
  • The strategy consolidates energy sovereignty and includes private investment aligned with the national interest.

Source: Petróleos Mexicanos (Pemex)

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Fitch Upgrades Pemex Rating to BB

Last Friday, the credit rating agency Fitch Ratings upgraded Pemex’s long-term issuer default ratings in both foreign and local currency from B+ to BB, with a stable outlook. This two-notch upgrade reflects the strong support provided by the Government of Mexico and underscores the confidence generated by its firm commitment to Petróleos Mexicanos (Pemex), Mexico’s state-owned oil and gas company. The decision aligns with Fitch’s criteria for Government-Related Entities (GREs).

Source: Ministry of Finance and Public Credit

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Pemex Reports Second Quarter 2025 Results

Petróleos Mexicanos (Pemex), Mexico’s state-owned oil and gas company, reports its financial and operating results for the second quarter of 2025. The data reflect the positive impact of a strategy focused on efficient resource use and institutional strengthening.

  • Liquid hydrocarbons production averaged 1,638 thousand barrels per day, while natural gas production reached 3,592 million cubic feet per day.
  • Crude oil processing stood at 987 thousand barrels per day, driving petroleum product output to 1,034 thousand barrels per day.
  • Based on these operating results, Pemex recorded a net income of 60 billion MXN.

Source: Pemex

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