MEXICO CITY, Aug 5 (Reuters) - Mexico's government on

Tuesday announced a plan aimed at moving its highly indebted

state oil company Pemex toward financial self-sufficiency, and

the establishment of a new investment vehicle and efforts to

stabilize oil production.

President Claudia Sheinbaum told a press conference that

by 2027, Pemex "will no longer need the finance ministry's

support," referring to the recent support it received from the

government to pay down debt.

"Pemex is going to have sufficient revenues to be able

to pay its debt, its amortizations and have the sufficient

budget for the investment it requires," she said.

The world's most indebted energy company, Pemex reported

last week a financial debt of $98.8 billion.

That week, the Mexican government announced a $12 billion

debt offering to ease Pemex's short-term financial pressures and

support debt refinancing.

Speaking after the president, Pemex Chief Executive

Victor Rodriguez outlined several operational initiatives to

support the plan, including leading the development of the Zama

and Trion fields and reactivating other fields with potential.

Officials also announced a new government-backed investment

vehicle to raise up to 250 billion Mexican pesos ($13 billion)

this year in efforts to boost production.

In addition, Pemex intends to build three new pipelines. To

improve profitability, Rodriguez said that Pemex would adjust

its price formulas and eliminate unjustified discounts.

($1 = 18.8228 Mexican pesos)