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Pemex Suppliers Say 27.24 Billion Pesos From 2024 Remain Unpaid as Onyx Fund Is Exhausted

Left unresolved, the backlog risks supplier closures, job losses plus SEC reporting hits unless authorities and Pemex set a joint reconciliation and payment timetable.

Overview

  • The Asociación Mexicana de Empresas de Servicios Petroleros (Amespac) says Pemex still owes 27,240 million pesos for services completed in 2024, a shortfall equivalent to roughly 1.553 billion US dollars.
  • A 250 billion‑peso emergency financing vehicle run with Banobras known as Ónix was fully used to prioritize 2025 commitments, leaving the 2024 backlog largely untouched.
  • Suppliers say Pemex’s internal payment system COPADE has failed to register many completed 2024 jobs, which prevents firms from issuing invoices and delays any possible payments.
  • The unpaid bills have already forced some contractors to close or begin insolvency procedures, reduced payrolls in oil‑producing states and could force internationally listed firms to note these receivables under U.S. reporting rules.
  • Amespac has formally asked President Claudia Sheinbaum, Pemex and the secretariats of Finance, Economy and Energy to open a working group to reconcile 2024 claims and publish a clear payment schedule, but no comprehensive solution has been announced.