{"id":2571,"date":"2021-12-14T12:23:00","date_gmt":"2021-12-14T12:23:00","guid":{"rendered":"https:\/\/energiesnet.com\/espanol\/?p=2571"},"modified":"2021-12-21T12:25:17","modified_gmt":"2021-12-21T12:25:17","slug":"mexico-may-reduce-pemexsprofit-sharing-taxes-again","status":"publish","type":"post","link":"https:\/\/energiesnet.com\/espanol\/mexico-may-reduce-pemexsprofit-sharing-taxes-again\/","title":{"rendered":"Mexico may reduce Pemex\u2019s
profit-sharing taxes again<\/strong>"},"content":{"rendered":"\n

bondevalue.com

Pemex announced that it will receive a $3.5 billion capital injection from the government<\/p>\n\n\n\n

– President Andres Manuel Lopez Obrador speaks on Monday morning
– Mexico already reduced Pemex\u2019s 2022 profit-sharing duty to 40%<\/p>\n\n\n\n

By  Amy Stillman and Maya Averbuch \/ Bloomberg News<\/p>\n\n\n\n

MEXICO CITY
Petroleumworld 12 14 2021<\/p>\n\n\n\n

Mexico could slash Petroleos Mexicanos\u2019s taxes further as the world\u2019s most indebted oil company scrambles to reverse long-term oil production declines.<\/p>\n\n\n\n

\u201cWith Pemex, for example, we are constantly or periodically lowering taxes so they have more funds,\u201d said President Andres Manuel Lopez Obrador during his daily press conference on Monday. \u201cAnd we can lower them more.\u201d<\/p>\n\n\n\n

In September, the government cut Pemex\u2019s profit-sharing duty to 40% for 2022 from 54% in 2021. Last week, Pemex announced that it will receive a $3.5 billion capital injection from the government as part of a transaction to pay down obligations and also embark on a series of bond buybacks and new issuance to reduce the cost of servicing its borrowings.<\/p>\n\n\n\n

The beleaguered state oil company has $113 billion in debt, the most of any major oil producer, and has seen output decline for over a decade. Pemex replaced its chief financial officer this month amid concerns he wasn\u2019t able to win investors\u2019 confidence. It could also end up spending nearly twice as much as originally projected to take over Royal Dutch Shell Plc\u2019s Deer Park refinery in Texas.<\/p>\n\n\n\n

Since coming into power in late 2018, Lopez Obrador has made it his mission to roll back the energy reforms of his predecessor and reinstate Pemex\u2019s near monopoly in the oil sector. AMLO\u2019s energy policies have been criticized by investors for allocating more resources to the company\u2019s unprofitable refining business and reducing crude exports in order to send oil to its refineries instead. International credit ratings companies such as Fitch Ratings and Moody\u2019s Corp. have downgraded Pemex\u2019s bonds to junk in recent years, in part because they say it has no clear strategy to reverse production declines.<\/p>\n\n\n\n

\u201cWe\u2019re no longer following neoliberal policies, which treated Pemex as if it were any other company,\u201d said Lopez Obrador on Monday. \u201cNow Pemex is a protected company, supported and backed by the government.<\/p>\n\n\n\n

\"\"\/<\/a><\/figure>\n\n\n\n

_____________


By  Amy Stillman and Maya Averbuch from Bloomberg News<\/p>\n\n\n\n

bloomberg.com<\/a> 12 13 2021<\/p>\n\n\n\n

Copyright \u00a91999-2021 Petroleumworld or respective author or news agency. All rights reserved.<\/p>\n\n\n\n

Petroleumworld.com Copyright \u00a92021 Petroleumworld.<\/p>\n","protected":false},"excerpt":{"rendered":"

bondevalue.comPemex announced that it will receive a $3.5 billion capital injection from the government – President Andres Manuel Lopez Obrador speaks on Monday morning– Mexico already reduced Pemex\u2019s 2022 profit-sharing duty to 40% By  Amy Stillman and Maya Averbuch \/ Bloomberg News MEXICO CITYPetroleumworld 12 14 2021 Mexico could slash Petroleos Mexicanos\u2019s taxes further as …<\/p>\n

Mexico may reduce Pemex\u2019s
profit-sharing taxes again<\/strong><\/span> Leer m\u00e1s »<\/a><\/p>\n","protected":false},"author":1,"featured_media":2575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-2571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t