Agence France-PresseOctober 25, 2013 16:50
Mexico's state oil giant Pemex posted on Friday a $3 billion third quarter loss, citing lower crude export volumes, falling fuel prices and a negative foreign exchange.
The monopoly's sharp loss compared to a profit of $1.87 billion in the same period last year, according to a company filing with the Mexican stock exchange.
Pemex, which funds around 40 percent of the government coffers, reported $31.46 million in sales in the July to September period, a 0.1 percent increase from last year.
The company's net debt rose by 2.7 percent to $62.1 million.