PetrĂ³leos Mexicanos in Increase of MTN Program to $12 Billion and Related $1 Billion Offering

February 5, 2010

Cleary Gottlieb represented the Mexican state oil company PetrĂ³leos Mexicanos (PEMEX), the fourth largest national oil and gas company in the world, in the increase on January 14 in the size of its Medium-Term Notes program from $7 billion to $12 billion. On February 5, PEMEX issued $1 billion of 6.000% notes due 2020 under its program; the notes were issued in a private placement (Rule 144A/Reg S) with registration rights.