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>>/121745/ > Pemex insurance scam (what are their finances like) Real bad The most underwater oil company in the world. > Pemex — which with total debt of $105 billion is the world’s most indebted oil company https://mexiconewsdaily.com/news/pemex-billion-dollar-debt-payments/ From the same article: > Pemex CEO Octavio Romero said last Wednesday that the state oil company needs to make debt payments of between $5.5 billion and $6 billion in the January-March quarter. They have a big debt payment coming up by the end of March. The government said you have to pay for it all by yourself, UNLESS... The refineries burn? > After providing the oil company with financial support in recent years, the Finance Ministry now wants Pemex to foot the bill itself unless it doesn’t have enough cash to do so by the end of the quarter, one of the people said. > Pemex is the world’s most indebted oil major, with financial obligations of $105 billion by September 2022. It is under enormous financial strain as the Mexican government wants it to halt oil exports and invest in loss-making refineries — all of which while the company fails to stem long-term production declines. https://www.bloomberg.com/news/articles/2023-01-03/mexico-expects-pemex-to-pay-its-debt-without-government-help https://archive.is/7LRcZ#selection-3837.0-3837.315 On top of it being broke, PEMEX has a Mexican version of Hunter Biden Scandal. The son of Mexico's President was provided free housing from an Oil services company here in the good ole USA. The unsubstantiated rumor is, in exchange for gifts from the American company, the American company got exclusive contracts with PEMEX. PEMEX is a National Company. So the Mexican government (see: Mexican President) decides who gets the contracts. > Baker Hughes, the world’s second largest oil field services company, has done business in Mexico for 60 years. Its role in the scandal began in 2019, when the Mexican president's son began living in a spacious home belonging to the company's former Canadian president, Keith Schilling, at a time when it was negotiating an expanded partnership with Pemex. https://www.houstonchronicle.com/business/energy/article/baker-huges-houstongate-controversy-conroe-home-16983567.php https://archive.is/rMdRy