Heavily Indebted Pemex Looks For Ways To Make $10 Billion Payments

Mexico’s indebted state oil company, Pemex, is searching for ways to make $10 billion in bond payments this year, an amount that neither the company nor Mexico’s government has planned for, Bloomberg News reported Monday.Last month, Pemex Chief Executive Officer Octavio Romero said the company was in talks with the government about getting renewed support for paying off debt, Reuters reported. However, the finance ministry said last week that it expected Pemex to be able to pay debt due in the first quarter without government assistance.…