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Exclusive: Mexican tycoon Slim eyes two of Pemex's key fields, gaining clout in energy sector

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. s-key-fields-gaining-clout-in-energy-sector.html
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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Mexican state energy company Pemex is in talks with Carlos Slim which could see the billionaire tycoon help bankroll two of the country's most promising crude oil and natural gas fields, sources familiar with the matter told Reuters.
Mexican billionaire Carlos Slim, through his companies, is in advanced talks to take over the operation of two key oil fields from Pemex, Mexico's state oil company. This move would significantly enhance Slim's influence in Mexico's energy sector. The fields in question are the Ichalkil and Pokoch oil fields in the Gulf of Mexico, which are part of Pemex's strategy to attract private investment to boost production and reduce its financial burden. Pemex has been struggling with high debt and declining production, prompting the Mexican government to seek partnerships with private entities. If the deal goes through, it would mark a significant shift in the control of Mexico's oil resources, traditionally dominated by Pemex, towards private sector involvement.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/other/exclusive-mexican-tycoon-slim-eyes-two-of-pemex-s-key-fields-gaining-clout-in-energy-sector/ar-AA1AWnvK ]