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Pemex

Mexican state-owned petroleum company

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Pemex: Mexican state-owned petroleum company
Petróleos Mexicanos, which translates to Mexican Petroleum, but is trademarked and better known as Pemex, is the Mexican state-owned petroleum company, created in 1938 by nationalization or expropriation of all private, foreign, and domestic oil companies at that time. Pemex had total assets worth $415.75 billion, and was the world's second-largest non-publicly listed company by total market value, and Latin America's second-largest enterprise by annual revenue as of 2009, surpassed only by Petrobras. The majority of its shares are not listed publicly and are under control of the Mexican government, with the value of its publicly listed shares totaling $202 billion in 2010, representing approximately one quarter of the company's total net worth.

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Spain orders detention of ex-head of Mexico oil firm pending extradition request

Spain's High Court on Thursday ordered Emilio Lozoya, former chief executive of Mexican state oil firm Pemex, to be held in a Spanish jail pending an extradition request from Mexico where he faces..
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Spain's High Court jails former Pemex chief pending investigation

Spain's High Court said on Thursday it will jail Emilio Lozoya, the former chief executive of Mexico's state oil firm Pemex, pending an investigation into alleged money laundering.
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Asked about Lozoya arrest, Mexico's president says anti-corruption fight to go on

Mexico's President Andres Manuel Lopez Obrador said on Thursday his government must not let up in its fight against corruption, when asked about the arrest in Spain of Emilio Lozoya, the former chief..
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Spanish police arrest former head of Mexico's state oil firm Pemex

Spanish police on Wednesday arrested Emilio Lozoya, the former chief executive of Mexico's state oil firm Pemex, giving Mexican President Andres Manuel Lopez Obrador's government its first high-profile..
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Former head of Mexico's state oil giant Pemex arrested in Spain

Spanish police on Wednesday arrested former chief executive of Mexico's state oil firm Pemex, Emilio Lozoya, who was wanted on corruption charges in a graft case involving Brazilian builder Odebrecht,..
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Oil companies swap stakes in Mexico as government holds off on auctions

With Mexico's government insisting that energy companies increase oil and gas output before it auctions off more of the country's vast reserves or offers more partnerships with state-run Pemex, firms..
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Hackers demand $5 million from Mexico's Pemex in cyberattack

Hackers demanded about $5 million in bitcoin from Mexico's Pemex, they told Reuters on Tuesday, saying the state oil firm missed a special discount by not paying immediately after a cyberattack that..
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Pemex posts $4.6 billion loss amid sagging exports, domestic sales

pemex posts $4.6 billion loss amid sagging exports, domestic sales
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Mexican president confirms Pemex union boss under investigation

The veteran leader of Mexico's powerful oil workers' union faces formal accusations of wrongdoing, President Andres Manuel Lopez Obrador said on Tuesday, slowly turning up pressure on the labor boss to..
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Exclusive: Mexico's Pemex seeks control of U.S. oil firm's billion-barrel find

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Mother of senior aide to Mexico's ex-president arrested in Germany

The mother of Emilio Lozoya, the former chief executive of Mexican state oil company Pemex and a close confidant to ex-President Enrique Pena Nieto, has been arrested in Germany, Lozoya's lawyer said..
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