Sheinbaum Names Rodriguez as Pemex CEO in Bid to Tame Debt (3)

Mexico’s President-elect Claudia Sheinbaum appointed energy economist Victor Rodriguez Padilla to lead state-owned oil driller and refiner Petroleos Mexicanos as her administration looks to revive the company’s flagging production and trim its nearly $100 billion debt burden.

Sheinbaum tapped Rodriguez, a professor at the National Autonomous University of Mexico, for the job to boost Pemex’s profitability and rescue the company from ballooning debt and recurring accidents as she seeks to jump start Mexico’s green energy transition.

Mexico president-elect Claudia Sheinbaum, incoming Pemex CEO Victor Rodriguez Padilla and incoming Energy Minister Luz Elena Gonzalez at event Aug. 26 in Mexico City.

Source: Office of President-elect Claudia Sheinbaum

“He has 42 years of experience in the energy sector and of course he’s been a defender of the energy companies of the ...