Wednesday, August 20, 2014

Pemex and CFE Removed from list of Parastatals

Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) are no longer officially Parastatals. The Ministry of Finance and Public Credit (SHCP) excluded the two institutions within the list of the 189 parastatals published last week in the Official Gazette.
The SGCP announcement said the CFE and Pemex, under that pursuant to Decree Law of Petróleos Mexicanos and the Law of the Federal Electricity Commission, will be transformed into Productive State Enterprises and leave being subject to the Federal Law on Public Entities.
(from El Sol de Mazatlán)

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