Mexico’s President: Pemex’s Enormous Debt Won’t Grow Further

The enormous debt of Mexico’s state oil firm Pemex has not increased since the new administration took office in December 2018, and will not increase in the future, Mexican President Andrés Manuel López Obrador said on Friday. “The debt hasn’t grown during our time, and it’s not going to grow,” Reuters quoted López Obrador as saying at a press conference. The Mexican state oil firm has a total of US$106 billion in financial debt, which makes it the world’s most indebted oil company. Left-wing…