Cash-strapped Pemex seeks to defer key contractor payments to 2021

Pemex’s nearly $105 billion in debt already makes it the biggest borrower of any oil company in the world. And it’s accruing more.

Pemex is asking some of its contractors if they can wait until next year to be paid money that is owed to them now, according to people with knowledge of the situation, asking not to be identified because the phone and in-person conversations aren’t public.

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