US Approves Pemex’s Deer Park Refinery Deal
The US government approved the acquisition of the Royal Dutch Shell Plc’s Deer Park refinery by Petroleos Mexicanos (Pemex). The Mexican Foreign Minister Marcelo Ebrard presented a letter that stated there were no unresolved national security concerns regarding the...
Pemex Refinery Deal May Cost $1bn More than Expected
Pemex may spend about $1bn more than expected to take over Royal Dutch Shell Plc’s Deer Park refinery. The extra spending is more than 2x the price announced in May for $596mn. Pemex has requested about $1.6bn to acquire the refinery including a capitalization from...
Pemex to Receive $3.5bn Cash Injection and Buyback Bonds; Plans Dollar Bond Issuance
Mexican state-owned oil company Petroleos Mexicanos (Pemex) will receive a cash injection from the Mexican government of up to $3.5bn. Proceeds will be used to fund a liability management transaction that includes paying down obligations and a bond buyback, excluding...
