This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Pemex Reportedly in Talks With Carlos Slim to Finance Key Fields
March 18, 2025
Pemex is said to be in advanced talks with billionaire Carlos Slim to finance two of Mexico’s most promising oil and natural gas fields, Zama and Ixachi, as part of efforts to address its financial struggles. Slim, through his majority-owned Talos Mexico, may contribute capital to these projects, signaling his increasing influence in Mexico’s energy sector. For the Zama project in the Gulf of Mexico, Pemex is negotiating a joint operating agreement where Talos Mexico would invest, in exchange for some operational control. The Zama field, which requires $4.5bn for development, is jointly owned by Pemex (50.43%), Talos Mexico (17.4%), and Harbour Energy (32.17%). Slim’s Grupo Carso may contribute up to 50.43% of the necessary capital, matching Pemex’s stake. For Ixachi, Mexico’s largest onshore gas discovery in over 25 years, the discussions are said to focus on financing a second gas processing plant. Slim’s companies, including Ideal, are interested in funding the $500mn plant. The above negotiations come amid Pemex’s massive ~$98bn debt and its struggles to meet production targets.
Pemex’s dollar bonds were trading marginally higher, with its 6.625% 2035s at 79.68, yielding 9.81%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Pemex Reports Quarterly Profits of $722.5mn
July 29, 2021
PEMEX Reports Quarterly Loss of $3bn
October 29, 2021
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.