Mexico to strengthen Pemex and electricity company

Mexico, Feb (Notimex) .- President Andrés Manuel López Obrador reported that his government will strengthen state-owned companies Comisión Federal de Electricidad (CFE, for its acronym in Spanish) and Petróleos Mexicanos (Pemex, for its acronym in Spanish).


In the case of Pemex, the authorities will design extraordinary measures in tax matters with the payment of less taxes, in order to have more resources to invest.


In addition, the president said that a plan is also prepared to boost the CFE.


At present, "we now buy half of the electric energy that we consume at very high prices".




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