Pablo Soria de Lachica Outlines Consequences of Mexican Loan To Pemex

International trade and foreign investment expert Pablo Soria de Lachica applauded Mexico’s recent $4.4 billion loan to state-owned oil company Pemex. “Infusing Pemex with capital is a strong strategy in both the short- and medium-terms,” he stated. “As a result of this cash influx, the company now has the capability to adapt to the evolving challenges in the global oil market.” Soria de Lachica noted that, given Pemex’s prominent role in the Mexican economy, the company’s capacity to respond to fluctuating prices is critical. “Since the loan, the price of oil has recovered, doubling from $26 per barrel to $52 earlier this month.” According to World Bank forecasts, the cost of petroleum will continue its upward trajectory through 2025. Soria de Lachica views the international financial institution’s confidence in oil futures as further evidence that Mexico’s Pemex investment will have significant rewards.

The government’s energy investment will also have a positive impact on production, enabling Pemex to make up for lost ground in its deep water drilling projects in the Gulf of Mexico. “As energy demands continue to increase, the company’s ability to increase petroleum output will be critical,” Soria de Lachica indicated. Currently, oil accounts for about five percent of Mexico’s exports, significantly lower than the 33 percent benchmark in 1990. Soria de Lachica sees this as an indicator of the country’s export growth potential in the energy sector. “Because private investment in drilling and exports is relatively insignificant, it positions the state-owned company to dominate market opportunities,” he reasoned.

Acclaimed broker Pablo Soria de Lachica pointed out that Mexico’s decision to lend $1.5 billion in capital and $2.7 billion to cover other company obligations will improve Pemex’s liquidity while ensuring it’s long-term liquidity and feasibility. “Pemex has made enormous strides in aligning its budget with today’s market realities and increasing efficiencies,” he offered. “The Finance Ministry has done its part to ensure the company’s health by authorizing changes to reduce its tax liability by approximately $2.8 billion per year.”

Pablo Soria de Lachica observes that Mexico is on pace to economically outperform most of its Latin American neighbors. “By the end of 2016, I expect growth in the Mexican economy to fall between 2.0 and 2.6 percent.” He says that this economic upswing, along with the stabilization in the country’s exchange rate, proves that Mexico’s Pemex loan was well timed and is already paying off.

After receiving his Master of Business Administration degree from Universidad Tecnológico de México, Pablo Soria de Lachica became an expert in foreign exchange markets. His knowledge and experience enabled him to deliver guidance to clients on international exchange and market analysis, as well as to develop trading tools for investors. Today, he collaborates with Kartoshka in creating sales, telemarketing, and customer support technologies. Also an avid philanthropist, Soria de Lachica supports environmental causes and youth programs.


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About the Author

Pablo Soria de Lachica
Pablo Soria de Lachica is an internationally acclaimed broker and Director of Business Development of Bforex, a renowned currency trading firm based in Panama City, with 18 offices spanning the globe, including locations in Brazil, Mexico, and Uruguay.