Global oilfield service firms in Mexico are concerned about Pemex’s massive debt, with AMESPAC members owed $3.49 billion for work. Despite promises to speed up payments, Pemex still owes suppliers $23 billion and has $100 billion in financial debt. The association seeks clarity on the new 2025 investment plan to help reactivate equipment and meet production targets.

Officials promise to speed up payments to suppliers, but Pemex still faces financial challenges. Grupo Carso and Grupo Mexico report millions in unpaid debts, causing disruptions in services. Halliburton also faces payment issues with Pemex. AMESPAC seeks more details on the new investment plan to address the payment crisis and support Mexico’s crude production goals.

Read more at Yahoo Finance: Pemex plan disappoints suppliers awaiting billions in overdue payments