Exclusive-Head of Pemex's production arm to step down in coming days, sources say
18.12.2025
MEXICO CITY, Dec 18 (Reuters) - Mexico's state oil company Pemex is preparing to replace the head of its exploration and production arm, just months after he returned to the post, three sources familiar with the matter told Reuters, as the company struggles to stem a decline in crude output. Angel Cid Munguía resumed leadership of Pemex Exploration and Production (PEP) in early May.