Pemex signs MoU on $2bn credit line

Pemex16 October 2013, Mexico – Pemex has signed a memorandum of understanding with Export-Import Bank of Korea on establishing a new $2 billion finance facility.

The pact was signed by Pemex director general Emilio Lozoya Austin and bank president Yong Hwan Kim during a visit by Austin to the World Energy Congress in the South Korean city of Daegu.

The explorer said the new credit line would give added financing options to help realise to new projects to lift production, profits and employment rates.

– Upstream

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