Pemex CFO says Mexican state firm to refinance $2.5bn in debt  

LEON: Mexican national oil company Pemex plans to refinance $2.5 billion of liabilities this year while trying to revive oil production to boost income, the state-owned company's chief financial officer said, as pressure mounts from credit ratings agencies over its performance.

Alberto Velazquez told Reuters in an interview that the $2.5 billion mostly includes outstanding bonds.

The operation would complement the renewal of existing credit lines the ailing oil company has with banks.