Mexico plans to maintain Petroleos Mexicanos’ profit-sharing tax rate next year, even as the Finance Ministry seeks to use a variety of tools to help the beleaguered state driller strengthen its finances and pay down $105 billion in debt.
“There’s no single way to support Pemex, we usually use a mix of financial and fiscal tools,” Deputy Finance Minister Gabriel Yorio said during a press conference Monday. He reiterated the government’s support of the oil company. “That’s all the information I can give you at this time.”
