Tuesday, 08 May 2007

UPDATE 2-Mexico's Pemex debt flat, taxes lower

(Reuters) - Net debt, or the difference between total debt and cash equivalents, also decreased to $36.2 billion, Pemex said.

Pemex, the world's most indebted oil company, has leaned heavily on bond markets for years to fund exploration as the bulk of its sales were lost in taxes.


Read more at Reuters.com Market News

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