By Adriana Barrera
MEXICO CITY, Sept 22 (Reuters) – Mexico’s president asked regulators on Tuesday to help strengthen state oil firm Pemex and power company CFE using existing laws, but added he could seek energy reforms next year if required to meet his goals, two sources said.
The sources, who were at the closed-door meeting and spoke on condition of anonymity, said President Andres Manuel Lopez Obrador called on energy regulators to avoid issuing permits that would prevent private competitors to Pemex and CFE from expanding their footprint in the country.
During the session at the national palace, the leftist energy nationalist expressed his wish to provide tax breaks and refinance the massive debt loads of the state-run energy giants, formally known as Petroleos Mexicanos and Comision Federal de Electricidad, the sources said.
Pemex is the world’s most indebted oil company, with about $100 billion in financial debt.