Markets

Pemex CEO says must move towards IPO, but not currently planned

Published April 25, 2018 Updated April 25, 2018 02:30pm

Speaking at an oil conference in London, Carlos Trevino pointed to a call by the head of Mexico's National Hydrocarbons Commission to float a minority stake in Pemex.

"I think he is right," Trevino said. "Pemex needs to perform a little bit better... We must be moving in that direction like many (national oil companies) have done... Maybe not in the following years. But yes, we have talked about it."

Copyright Reuters, 2018