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HomeOil and GasMexico’s Pemex Risks July Shutdown as Suppliers Demand $20 Billion in Payments

Mexico’s Pemex Risks July Shutdown as Suppliers Demand $20 Billion in Payments

Major oilfield service firms are threatening to suspend operations in July unless Pemex pays $20 billion in overdue invoices, raising concerns over the stability of Mexico’s upstream oil production.
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