Pemex Says Baker Hughes Business Due to Growth, Not AMLO Son
Octavio Romero Oropeza, chief executive officer of PEMEX, speaks while Andres Manuel Lopez Obrador, Mexico's president, right, listens during a news conference at the National Palace in Mexico City, on Jan. 7, 2020.
Photographer: Alejandro Cegarra/BloombergThis article is for subscribers only.
The top executive at Mexico’s Petroleos Mexicanos says a growing volume of business with a U.S. oilfield-services provider at the heart of an alleged scandal involving the president’s son is simply due to rising production.
According to Pemex Chief Executive Officer Octavio Romero Oropeza, Baker Hughes Co. received 8.9 billion pesos (about $434 million) from the Mexican state-owned petroleum company for its oil services last year, up from 6.5 billion pesos the previous year.