In a follow-up letter to Mexican President Claudia Sheinbaum, Energy Workforce reiterates the importance of finalizing a transparent and predictable payment mechanism that addresses historical PEMEX debts to provide certainty for future operations.
In early August, Energy Workforce sent a communique to President Sheinbaum outlining the current PEMEX debts and unbilled services. According to internal estimates, PEMEX owes EWTC companies:
- $871 million USD for services rendered in 2024 that remain uncollectible without the required COPADES documentation
- $983 million USD for work completed in 2025, including unpaid and unbilled services
- $2.5 billion USD in additional contracted work scheduled for 2026
Following the initial letter and other industry letters, in late August, President Sheinbaum announced a strategic plan to boost oil and gas production and to repay supplier debts through a new investment vehicle, which aims to raise roughly $13 billion, following a recent debt sale at the end of July that raised around $12 billion.
While the association and its membership are encouraged by recent steps the Sheinbaum Administration has taken, including issuance of bond measures, Energy Workforce notes that the lack of recognition of past debts and unclear timelines for future payments remain a significant concern:
“While these recent measures are a positive step, we respectfully stress the importance of expediting the payment process and establishing clear timelines to ensure that both the announced bond disbursements and outstanding debts accrued in 2024 and prior years are resolved promptly.”
Energy Workforce will continue to advocate for fair and stable operating environments both in the United States and globally. If you are interested in joining the Mexico Task Force, please contact Maria-Suarez Simmons.
Maria Suarez-Simmons, VP Energy Policy, writes about industry-specific policies for the Energy Workforce & Technology Council. Click here to subscribe to the Energy Workforce newsletter, which highlights sector-specific issues, best practices, activities and more.
