As Oil Plummets, Pemex Seeks to Shore Up Finances with Braskem Idesa Contract Renegotiation
Mexico’s president, who famously scrapped the partially-completed New Mexico Airport project, is similarly intent on cancelling the oil giant’s contract, which he feels was signed under unfavourable terms. What that will mean for Pemex’s credit – and for the already souring investor sentiment around Mexico – is another question.
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