Mexico plans to stop funding Pemex by 2027 to make the state energy company financially self-sufficient. Pemex reported a $99 billion debt, with steps outlined to reduce it. A 10-year plan aims to increase production by 450,000 bpd, refine more domestically, and lower crude oil exports. A new investment vehicle will raise $13 billion for Pemex projects in 2025. Debt reduction strategy targets $88.8 billion by year-end. Pemex CEO plans initiatives to boost production and build new pipelines.

Read more at Yahoo Finance: Mexico reveals sweeping plan to bring down Pemex debt, boost investment and lift production