13-05-2025
Mexico's Pemex says it responded to Norway wealth fund, but divestment recommendation upheld
MEXICO CITY, May 12 (Reuters) - Mexican state oil company Pemex said on Monday that it responded in a timely manner to requests for information from Norway's wealth fund, but the fund's ethics watchdog maintained its recommendation to withdraw investments.
Norway's wealth fund, the world's largest, sold all its fixed income investments in Pemex on Sunday citing what it called an unacceptable risk that the company is involved in corruption.
