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LATEST NEWS |
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| Mexico | [Back] |
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- Fitch upgrades PEMEX; Rating watch positive
Fitch Ratings has upgraded the Foreign Currency Issuer Default Rating (FC IDR) and all outstanding internationally rated debt securities of Petroleos Mexicanos (PEMEX) to 'BBB' from 'BBB-'. In addition, Fitch has upgraded PEMEX's Local Currency (LC) IDR to 'BBB+' from 'BBB'.
- Pemex anounces six important international public tenders
As part of the integrated strategy that PEMEX has put forward towards the reinforcement of transparency and accounting of its activities, Petróleos Mexicanos is announcing six international public tenders for the execution of works in the facilities of Pemex Exploration and Production, (PEP).
- Mexican Commission proposes 5.5% gasoline tariff
The Mexican Commission of the Chamber of Deputies proposed the implementation of a 5.5% tariff to the value of gasoline and diesel sold to the public. The tariff would be gradually introduced to the Mexican market in order to avoid or soften the potential inflationary impacts.
- PEMEX reports on explosions at its pipelines
Petroleos Mexicanos (PEMEX) notifies that at 2:00 am on September 10, 2007 that the SCADA system detected an unusual pressure decrease in 6 points at different pipelines located in the state of Veracruz, caused by deliberated acts; natural gas supply was immediately suspended.
- PRI wants to see improved security systems at PEMEX
In the aftermath of a number of alleged acts of sabotage against the installations of Mexico’s state oil company, Petróleos Mexicanos (PEMEX), a member of the Chamber of Deputies with the PRI proposed that the state oil company implement some type of security system to better protect the company’s extensive pipeline system, valves and strategic locations susceptible to attacks.
- PEMEX gas pipelines sabotaged
Mexican state-owned oil giant Pemex said six explosions caused by sabotage hit its pipeline network early Monday in the state of Veracruz, but no injuries were reported.
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