April 28, 2020 / 1:51 AM / a month ago

Mexico's Pemex details $4.6 bln in measures to mitigate drop in oil prices

MEXICO CITY, April 27 (Reuters) - Mexico’s state oil company Petroleos Mexicanos on Monday gave details of a slew of measures, amounting to 113 billion pesos ($4.57 billion), that are aimed at mitigating the effects on its financial balance and cash flow generation from the steep drop in oil prices.

$1 = 24.7500 Mexican pesos Reporting by Adriana Barrera; Writing by Anthony Esposito; Editing by Sandra Maler

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