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Mexico's Pemex looks to diversify market amid Trump tariff threats
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Mexico's Pemex looks to diversify market amid Trump tariff threats
Mar 25, 2025 1:23 PM

MEXICO CITY, March 25 (Reuters) - Mexican state energy

company Pemex is actively looking to diversify its market for

both motor fuel imports and crude oil exports, the head of its

international trading unit PMI said on Tuesday.

"If new opportunities in other markets open, we'll pursue

them and are pursuing them," PMI Chief Executive Officer

Margarita Perez said during a panel discussion in the Mexican

Senate.

Perez's comments come after Reuters reported this month that

Pemex was in talks with potential buyers in Europe and Asia,

including China.

Perez said that the importance of having a

diversification strategy was highlighted when U.S. President

Donald Trump a day earlier threatened tariffs on countries

buying oil from Venezuela.

Trump on Monday published an executive order imposing a

25% tariff on trade with countries buying the South American

nation's oil.

"Not having certainty in the market creates a lot of

volatility," Perez said.

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