Aranda Quoted on PEMEX Refinery Decision

Partner Daniel Aranda, was quoted in the Milenio article, “Nueva refinería, riesgo para Pemex: especialista,” in which his opinion about the proposal of Petróleos Mexicanos (Pemex) to build a refinery in Dos Bocas, Tabasco was highlighted. He said the proposal would weaken PEMEX due to the company’s existing excessive debt and could result in losing its investment grade/rank status."The proposal to build the refinery is hard to grasp - it allocates resources for a market that the country does not have. It entails a risk for public finances and the profitability of Pemex."

Additional coverage appeared in Millenio News TV Chanel – 12.2, 24 Horas, and El Universal.

Below are the Spanish language PDFs:

24 Horas
El Universal
Milenio