Pemex Contract Dispute Flagged by Market Watcher MEI

A triangular business arrangement involving an equipment supplier, service provider and Petróleos Mexicanos (Pemex) has stumbled into the federal civil courts in a dispute over the disbursement of funds.

A dispute over the disbursement of funds led to a complaint filed in District 7 on December 16, 2016 (File #666/2016) by Mexico City-based TRESE (its acronym), a member of the consortium, and its creditors, among whom are ERKAL (Turkey), ZPMC (China), Oceaneering (USA) and BUMI (Malaysia).

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