Banobras

Key to this effort is the rollout of institutional mechanisms to address the company's mounting debt with suppliers.

These include the Banobras-backed ONIX scheme and direct payments from cash flow.

While these measures aren't new incentives, they are a baseline requirement to keep the system running.

In parallel, PEMEX is calling for structured, recurring engagement with the services industry to address chronic pain points, payment guarantees, contract terms, scheduling, and operational efficiency.

There was a story in the...

In Bloomberg, actually, the I-squared, which is another global infrastructure private equity fund, won a mandate with the finance ministry in Banobras to manage a new financing vehicle to raise money for electricity projects.

There wasn't a lot of detail, but it's another, you know, I'm guessing they're going to be more of an asset manager rather than, invest a lot of their own capital, but we'll find out.

But, you know, clearly the government is trying to deploy capital and bring in global expertise.