Mexico could inject capital into slumping state-owned Petroleos Mexicanos and allow it to increase debt more than planned if the oil producer presents a plan to ensure its long-term sustainability and profitability, Deputy Finance Minister Miguel Messmacher said.
Pemex needs to show it can lower costs, make better investments and accelerate partnerships with other companies, Messmacher said in an interview at Bloomberg’s Mexico City offices. Only then can the government clear the way to fresh funds, said Messmacher, who participates in Pemex board meetings when Finance Minister Luis Videgaray is unavailable.
Brazil Energy Insight 
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