Last updated: 18:57 / Tuesday, 2 June 2015
Strategic Partnership

Pemex and BlackRock Sign Memorandum of Understanding to Develop Energy Related Infrastructure in Mexico

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Pemex and BlackRock Sign Memorandum of Understanding to Develop Energy Related Infrastructure in Mexico

Pemex and BlackRock have signed a Memorandum of Understanding (MOU) to accelerate the efficient development and financing of energy related infrastructure projects of strategic importance to Pemex. Through this MOU, BlackRock, a preeminent asset manager with global infrastructure investment capabilities and a local presence in Mexico, will provide industry expertise, risk management capabilities and sources of financing to support Pemex’s mission to enhance its market position and maximize its value to Mexico.

Jose Manuel Carrera, Corporate Director of Strategic Partnerships and New Ventures, of Pemex commented, “Through this MOU Pemex will stimulate new projects with efficient financial solutions.”

Jim Barry, global head of BlackRock Infrastructure said, “BlackRock is very excited to partner with Pemex in its pursuit of efficient financing solutions for its energy infrastructure project pipeline. In Mexico, where BlackRock is already the leading international asset manager with $25 billion of AUM, we are committed to building the leading infrastructure investment platform for the benefit of our local and international clients.” BlackRock’s global Infrastructure platform manages more than $6 billion in invested and committed assets in debt and equity strategies.

Armando Senra, BlackRock’s head of Latin America and Iberia commented, “We believe that Mexican infrastructure presents a substantial investment opportunity for our clients and builds on BlackRock’s long-standing presence in Mexico while demonstrating the Firm’s on-going commitment to the region.”

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