Pemex reduces supplier debts by 60% - industry group

The National Chamber of Transformation Industries (Canacintra), an umbrella group of industries that supply the indebted state oil giant Pemex, has announced the firm’s debts to suppliers have decreased by 60%. Mexico’s government had promised the debts would be paid off in full by the first quarter of 2025, but the 60% reduction nevertheless represents a significant step in addressing the payment crisis. Read more at El Economista.