MEXICO CITY—From the beginning, the deal raised questions. Petróleos Mexicanos, Mexico’s state-run, debt-laden oil giant, agreed in 2013 to pay $273 million for an aging fertilizer plant that hadn’t been operational for 14 years, rusting in the heat and humidity of southern Veracruz state. After nearly six years and an additional investment of at least $475 million, the plant still isn’t running.

Source: Wall Street Journal June 04, 2019 14:11 UTC