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Petroleos Mexicanos (Pemex).


PETROLEOS MEXICANOS (PEMEX Pemex
 officially Petróleos Mexicanos

Mexico's state-owned oil company. In 1938 Pres. Lázaro Cárdenas nationalized 17 foreign oil companies to create Pemex, the largest Latin American petroleum company and a major world exporter of fossil fuel.
), a state owned oil company, issued a convertible bond with a seven-year maturity that can be exchanged for a stake in Pemex's 4.81% share in Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river.  oil company Repsol YPF Repsol YPF, S.A., (IBEX-35:REP) is an integrated Spanish oil and gas company with operations in 29 countries, the bulk of its assets are located in Spain and Argentina. The product of a 1999 takeover of Argentine energy firm YPF by the Spanish conglomerate Repsol S.A. , or the cash equivalent. The bond has been valued at approximately US$1.4 billion.
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Title Annotation:Mexico; issued convertible bonds
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:1MEX
Date:Mar 1, 2004
Words:49
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