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Pemex and Petrobras to Team Up on Oil and Refining Projects

Pemex and Petrobras to Team Up on Oil and Refining Projects
Bloomberg Markets Tuesday 23 June 2026, 16:30 UTC By Scott Squires, Mariana Durao 1 min read
Key Points

Pemex and Petrobras to Team Up on Oil and Refining Projects The national oil companies of Mexico and Brazil agreed to work together to discover, produce and refine oil as both Latin American energy giants push to expand their reserves. Petroleos Mexicanos and Petroleo Brasileiro SA signed a non-binding memorandum of understanding to begin joint cooperation on exploration and production, including in shallow and deep waters of the Gulf of Mexico, as well as in refining, natural gas,...

Pemex and Petrobras to Team Up on Oil and Refining Projects The national oil companies of Mexico and Brazil agreed to work together to discover, produce and refine oil as both Latin American energy giants push to expand their reserves. Petroleos Mexicanos and Petroleo Brasileiro SA signed a non-binding memorandum of understanding to begin joint cooperation on exploration and production, including in shallow and deep waters of the Gulf of Mexico, as well as in refining, natural gas, petrochemicals and other areas, the chief executives of both companies said in an event in Rio de Janeiro. [Image text:] BR PETROBRAS
Pemex (ORG) Petrobras (ORG) Team Up on Oil and Refining Projects Pemex (ORG) Team Up on Oil and Refining Projects (ORG) Mexico (LOCATION) Brazil (LOCATION) Latin American (ORG) Petroleos Mexicanos (ORG) Petroleo Brasileiro SA (ORG) the Gulf of Mexico (LOCATION) Rio de Janeiro (LOCATION)
Originally published by Bloomberg Markets Read original →

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