Mexican President Andres Manuel Lopez Obrador on Tuesday denied any delay to a f...
MEXICO CITY - Mexican President Andres Manuel Lopez Obrador on Tuesday denied any delay to a flagship refinery project in his home state after the deputy finance minister was quoted as saying $2.5 billion for its construction will be moved to state oil firm Pemex.
However, Lopez Obrador stood by his plan to build the refinery within three years, saying the tender could be unveiled next week. In answer to a question about whether the $2.5 billion would be spent this year on the refinery, said “Yes.” “Contradictions within the federal government do not help financial markets,” said James Salazar, an economist at bank CI Banco.
Herrera said the government was in talks with the International Monetary Fund and other multilateral organizations about structuring a fresh capital injection for Pemex, though he noted that those discussions were technical and no borrowing was involved, according to the Financial Times. He repeated that the refinery would cost between $6 billion and $8 billion, and said that work for now was focused on preparing the ground at the refinery site and readying the framework for the tender.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mexican president says respects work of ratings agencies after Pemex downgradesMexican President Andres Manuel Lopez Obrador said on Thursday that the governme...
Read more »
Popularity sky-high, Mexico's president runs a one-man showThree months into his presidency, Mexico's Andres Manuel Lopez Obrador has ...
Read more »
Alex Rodriguez Is Being Accused Of Cheating On Jennifer Lopez Days After Announcing Their EngagementAlex Rodriguez Is Being Accused Of Cheating On Jennifer Lopez After Announcing Their Engagement
Read more »
Alex Rodriguez, Jennifer Lopez announce their engagement on social mediaAlex Rodriguez and Jennifer Lopez, who have been together for just over two years, announced their engagement on social media Saturday night.
Read more »
Jennifer Lopez and Alex Rodriguez are engagedLOS ANGELES (AP) — Jennifer Lopez said yes to Alex Rodriguez's proposal, and with the rock he presented, who could say no? The couple posted an Instagram photo of their hands with a massive...
Read more »
Jennifer Lopez - Alex Rodriguez Engagement & Wedding Betting Odds Hit The MarketSportsbooks are offering betting markets for the upcoming Jennifer Lopez and Alex Rodriguez engagement and wedding. Test your Hollywood knowledge and bet on the color of J Lo's dress, how much A Rod coughed up for the engagement ring, and many more options at sportsbooks.
Read more »
'She said yes': Jennifer Lopez and Alex Rodriguez are engagedJLo and A-Rod are taking their two-year romance to the next level, the former New York Yankee announced on social media.
Read more »
Bronx star Jennifer Lopez engaged to ex-Yankees slugger A-RodFormer New York Yankees slugger Alex Rodriguez is engaged to the pop star, actre...
Read more »