What did President Sheinbaum announce regarding Pemex and Petrobras cooperation?

President Claudia Sheinbaum announced that she expects Mexico's state oil firm Pemex and Brazil's Petrobras to reach an agreement, following a partnership proposal by Brazil's president earlier this year; she stated she would travel to Brazil to sign a deal with President Luiz Inácio Lula da Silva, and that a Petrobras technical team will visit Mexico in mid-May to discuss production, exploration, processing, and biofuels—leading to a memorandum of understanding for cooperation.

When and where is the expected signing of the Pemex–Petrobras cooperation agreement?

The signing of the cooperation agreement between Pemex and Petrobras is expected to take place in Brazil, following a technical visit by Petrobras to Mexico in mid-May; President Sheinbaum confirmed she plans to travel to Brazil to sign the deal with President Lula, though specific dates have not yet been finalized.

Mexico's Sheinbaum expects oil firm Pemex to reach agreement with Brazil's Petrobras

Apr 30, 2026

Mexican President Sheinbaum anticipates a partnership between state oil firms Pemex and Petrobras covering production, exploration, and biofuels. A technical team will meet in May to draft a memorandum before the deal is signed in Brazil.

reuters

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