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Pemex accepts $10.7 million USD payment from Lozoyz

Mexico City, Mexico — Pemex has accepted a $10.7 million USD payment agreement from Emilio Lozoya as compensation for damages. According to his lawyers, Lozoya will pay the $10.7 million USD as reparation.

The Board of Directors of Petróleos Mexicanos (Pemex) have reportadly accepted the deal. Lozoya’s lawyers, Alejandro Rojas Pruneda and Miguel Ontiveros Alonso, indicated that the amount of reparation for damages in the Agronitrogenados and Odebrecht cases has been approved.

The lawyers have said that the amount of reparation was “approved unanimously by the Board of Directors of PEMEX, with Mr. Romero Oropeza acting as General Director of that institution.”

The agreed to amount for both cases is $10,736,351 USD and has already been claimed by the institutions of the Government of the Republic formally and in writing, and before the jurisdictional body belonging to the Judiciary of the Federation, Lozoya’s lawyers said.

President Andrés Manuel López Obrador says the $10.7 million is not enough compensation for the damages of Lozoya to Pemex. Lozoya is currently serving time in the North Prison.