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Mexico’s Private Oil Sector Battles Pemex for Payments
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Mexico’s Private Oil Sector Battles Pemex for Payments
Mexico’s private oil producer Hokchi Energy is locked in a high-stakes standoff with Pemex over a debt that now exceeds 300 million dollars. As the state oil company delays payments, Hokchi is pushing to bypass Pemex entirely and sell its oil through Pemex’s commercial arm PMI Comercio Internacional. It is the latest twist in a battle that highlights the friction between private energy firms and a heavily indebted national champion. Hokchi opera…
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