LatinNews Daily - 13 September 2018

* Mexico’s state-run oil company Pemex has announced that it will save some M$30bn (US$1.5bn) by the end of 2018 due to strategic measures it has implemented. According to a Pemex press release, some of the initiatives adopted by the company include a comprehensive and profit-driven approach in the financial management of the company and its subsidiaries, the gradual improvement in the productivity of the National Refining System, divestment of non-strategic assets, and additional revenue generated through the selling of exploratory information. As a result of the steps taken by the company, its deficit for 2018 stands at approximately M$49bn, a marked improvement on previous projections of roughly M$79bn.

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