Mexican president says Pemex to wean off finance ministry's support by 2027

Mexican President Claudia Sheinbaum on Tuesday said the country's highly-indebted state oil company Petroleos Mexicanos (Pemex) will not need the finance ministry's support beginning in 2027.

In Sheinbaum's morning news conference, Mexican Finance Minister Edgar Amador said the government is aiming for Pemex to finance its own operating expenses by 2027, and that it aims to bring the company's debt down to $77.3 billion by 2030.

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