Mexican tax break move seen as step to free Pemex from state budget control

摘要

Last week's decision by Mexico's Congress to give Pemex a big tax break could be a first step in creating a state-owned but autonomous oil company like Brazil's Petrobras,say top Mexican government officials.Standard & Poor's said July 6 the tax change,if signed by President Vicente Fox,should let BBB-rated Pemex"increase its investment program in times of high oil prices"and give it US2-bil a year of added cash.