Oil & Gas - Mexico - Pemex budgets US$37.8bn for 2013 programs

By James Fredrick?/?Business News Americas

Vote

0 votes

Related content

Companies / Entities

Keywords

Research Reports

Mexico's treasury has authorized state oil company Pemex's 2013 budget that outlines spending of 476bn pesos (US$37.8bn) compared to 442bn pesos in 2012, BNamericas has learned.

E&P subsidiary PEP spending will increase slightly to 295bn pesos from 291bn pesos in 2012. Adjusting for inflation, PEP's budget will in fact decrease.

Refining unit Pemex Refinaci?n will be allocated 106bn pesos this year, a 21% increase compared to 87.7bn pesos in 2012.

Pemex's gas and basic petrochemical branch PGPB's budget will increase 15% to 20.3bn pesos from 17.8bn pesos a year ago, while its petrochemical arm PPQ will see a 17% increase in spending to 19.4bn pesos from 16.5bn pesos.

Finally, Pemex's corporate offices have been budgeted 35.1bn pesos this year, 20% more than in 2012.

The figures only include programmed costs and exclude net financial costs for each subsidiary.

Why settle for this one story when you can access all our news? Sign up here for your free 15-day trial.

Source: http://feedproxy.google.com/~r/BusinessNewsAmericas-TopStoriesEN/~3/qpvWfUWd4z8/pemex-budgets-us378bn-for-2013-programs

jack white kowloon walled city ronda rousey vs miesha tate lindsay lohan snl lindsay lohan on snl real housewives of disney awakenings