Overview
- Pemex’s SEC filing shows the subsidiary’s new name took effect on March 31, 2026, with unanimous shareholder approval and authorization from Mexico’s Economy Ministry.
- That same corporate action revoked the legal powers of Víctor Manuel Cruz Martínez, who had served as the company’s legal representative.
- Pemex disclosed the unit has handled exports to Cuba since 2023, and in 2025 it shipped about 15,000 barrels per day of crude and 2,200 barrels per day of products worth roughly $500 million.
- The company said the Cuba sales were done under contracts in pesos at market rates and under procedures designed to comply with applicable law.
- Pemex broadened the unit’s role from fuel retailing to logistics operations, a change reported after U.S. tariff threats over the Cuba flows and a partial pause of shipments in early 2026.