Petróleos Mexicanos and BlackRock signed a Memorandum of Understanding (MOU), in order to accelerate the development and financing of energy infrastructure projects that are considered a strategic priority for Pemex.

The agreement was signed by Pemex’s CFO, Mario Beauregard, and the Global Manager of BlackRock Infrastructure, Jim Barry.

During the event, José Manuel Carrera, Corporate Director of Alliances and New Ventures of Pemex, pointed out that Pemex will push for new projects with efficient financing solutions, in which BlackRock will provide its financial experience, risk management capabilities and funding sources.

BlackRock Mexico is already the leading international asset manager estimated at 25 billion dollars, Jim Barry remarked, and noted that BlackRock is committed in creating an investment platform for infrastructure, that will benefit their local and international clients.

On the other hand, Armando Senra, CEO of BlackRock Latin America and Iberia, considered that the Mexican infrastructure sector represents a significant investment opportunity; therefore this initiative contributes to demonstrate BlackRock’s commitment  with Mexico.