Pemex admits to US authorities that it has no protection in case of bankruptcy

Petróleos Mexicanos (Pemex) officially notified the United States Securities and Exchange Commission (SEC) that it lacks the legal framework to initiate bankruptcy proceedings within the U.S. jurisdiction. This disclosure confirms that the state-owned oil company does not possess protective measures typically available to entities undergoing insolvency in American courts.

The admission highlights the company's unique legal status and the potential risks associated with its financial structure. By clarifying its inability to utilize U.S. bankruptcy protections, Pemex has provided transparency regarding its regulatory standing for international investors and authorities.