Pemex plans 64% cut in federal support by 2027, signals fiscal shift
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Pemex's Deer Park refinery in Texas generated $1,882 million in the first nine months of 2026, exceeding its $1,816 million acquisition cost. This marks a financial milestone for Pemex, which has struggled with refining losses. The result signals improved operational performance and could bolster Pemex's financial position, though sustainability remains uncertain.
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