Good morning, ladies and gentlemen, and welcome to PEMEX's Results as of June 30, 2023 conference call, hosted by Carlos Cortez, Acting Chief Financial Officer, Juan Carlos Granados, Acting Deputy Director of Exploration and Production by Contracts and Associations, and Reinaldo Wences, Deputy Director of Evaluation and Regulatory Compliance at PEMEX Industrial Transformation. There is a support presentation for this conference. The link is available at PEMEX's webpage, www.pemex.com/en, in the Financial Information category within the Investors section. At this time, all participants have been placed on the listen-only mode. The floor will be open for questions following this presentation. Questions may be asked by phone and webcast. It is now my pleasure to introduce Cristina Arista, Head of Investor Relations Office. You may begin. Thank you. Good morning, and welcome to this call to present the financial and operational results for the second quarter 2023. Before we start, we would like to remind our listeners that our comments during this conference call may include forward-looking statements. Listeners are cautioned not to place undue reliance on any forward-looking statement and to review the cautionary notes that appear in our earnings report. This is published in the Investor Relations section of PEMEX's website. For this conference call and in supporting the communication, quarterly variations are computed as compared to the same quarter of the previous year, and cumulative variations are computed as compared to the same quarter, sorry, to the same period of the previous year, unless it is otherwise specified. Thank you for your participation, and on behalf of Petróleos Mexicanos, welcome. Now, I give the floor to our Chief Financial Officer, Carlos Cortez González. Go ahead, Carlos. Thank you, Cristina. Good day to all the audience. Hoping everyone is well. This is Carlos Cortez, and we appreciate your valuable attention today, when we will present the results of our management at the end of the second quarter of 2023, where PEMEX continues with good operational and financial inertia. As you will see, the good results are maintained, reflecting the execution of the right decisions for the serious and responsible management of Mexico's oil wealth. Also, as I mentioned, there are many good results that deserve to be highlighted. It is necessary to comment that in recent weeks, there have been also some events that affect our operative performance, as well as the perception of our financial condition, which we think it is convenient to comment. I will begin by commenting on the unfortunate events reported on July the 7th, in which the Nohoch-A link and compression platform in the Cantarell Complex caught fire and compromised it in its entirety. In this incident, unfortunately, there was loss of human life. I take this opportunity on behalf of our CEO, Octavio Romero Oropeza, to reiterate our condolences, as well as the total and absolute support of PEMEX to the relatives. In this regard, it is important to specify that this event arose when works were carried out by third parties that provide services to PEMEX. Subject to the demarcation of responsibilities that will result from the cause, root analysis, what is clear is that the fire was detonated by the company contracted to carry out maintenance works, carried out its works at a time not suitable for its execution. As far as it is presumed, and I insist, it would have to be clear in the experts' reports, in this event, the security measures established by PEMEX were not complied. In this context, we are implementing actions to improve the supervision of works of this nature, requiring contractors to strictly comply with established protocols. It is reiterated that PEMEX's safety, occupational health, and environmental protection system, in the opinion of internationally recognized engineering firms, is a robust system, and its procedures cover the industry risk management requirements. To ensure its compliance, more rigorous actions will be implemented to reinforce the planning and scheduling of risk works, ensuring that they are executed by certified personnel, and that they have the required skills. On the progress in the addition to this event, it is reported that once the operational contingency has been controlled, more than 98% of oil and gas production has been recovered. Works continues to restore the operation of gas pipeline in cooperation of wells and the restitution of nitrogen injections to deposits, expecting to conclude it in the first days of August. However, regarding the leakages in the vicinity of the Balam-TA platform, it was observed in last July 3rd, locating its origin in July 4th, and proceeding to notify the ASEA, this is the Agency of Security, Energy and Environment of Mexico, as well as Mexico Navy, SEMAR, on July 5th. Emergency protocols were immediately applied, and with the support of vessels with a nearby presence, containment, recovery, and mechanical dispersions work began from that day. Here, it is relevant to comment that the pipeline work network of Ek- Balam field has a total length of 24 km and has maintained an operation time of 33 years. At the beginning of 2022, we began the construction of a new network, expecting to be completed on 2023. A hydrocarbon leak occurred during the execution of these works, when a fissure of 7 cm in length and 1 millimeter in width was identified in a 14-inch oil gas pipeline. Since July 10th, a support vessel continued the work of eliminating the iridescence. This vessel manufactured a wrap-around clamp that was installed in 500% of the leak. Currently, there is an important general advance, and mechanical dispersion activities continue in the area, and for this event, there was non-significant volume of oil not produced. Likewise, no damage to personal facilities or the environment is reported. In some media, this incident was associated with the event of Nohoch, which, although there was an unfortunate coincidence, it must be specified that these were independent events. The iridescence due to the presence of hydrocarbons on the marine surface of the central complex, is explained by natural emissions that have been documented for a long time in this area. These phenomena are known as Chapopotes, and most of them are found in the vicinity of this important field. Also, it is having belief that these natural emissions once contributed to the discovery of Cantarell field. The exclusive economic zone of our country in the Gulf of Mexico is classified as one of the regions with the greatest potential of natural emissions in the world. This hydrocarbon contribution occurs most of the year, and based on scientific studies, worldwide, it is estimated that they represent 46% of hydrocarbon emissions to the ocean environment. These emissions are dispersed by the effect of winds and the ocean currents. The iridescences that are identified by remote sensing, sensing systems, are the result of the natural dispersion that have been presented in the area for many years. The film that forms on the surface of the ocean is less than a millimeter thick, causing most of the hydrocarbon to evaporate. Another part is decomposed by photooxidation, and only if the effect of marine currents favors the mixing of the remnants with other substances, manifestation can reach coasts or the bottom of the ocean. To close this topic, with the purpose to putting the facts in perspective, with scientific studies carried out, carried out by the National University of Mexico, the UNAM, it is estimated that the effects of each Chapopote contribute with emissions to the ocean by 387 barrels per day in a constant, constantly. While the incident in Balam-TA during the 18 days, during its remediation delay, contributed with emission of only 76 barrels per day. Having all this clarified, I would also like to refer to the reasons, the, the determinations made by the, by a couple of rating agencies. One of them, which started providing services to PEMEX in March of 2021, downgraded our credit rating, and the other maintained it, changing the outlook from stable to negative. In relation to this, PEMEX disagrees with the actions taken by these agents. In their protection, there is still a lack of government support and inactions in terms of sustainability, despite the positive results obtained during this administration. In this regard, it is reiterated that PEMEX does not justify the concerns that motivate these decisions, specifically about the capacity and willingness of the federal government to improve the liquidity and capital structure of the company, as well as the lack of a comprehensive strategy to address issues on the sustainability agenda. PEMEX emphasizes that in all other administrations, the relationship and support of the federal government has been close and coordinated. Having received support have allowed us overcoming important financial challenges. We consider, consider that there are no elements to suppose inability or lack of will to support the company. President López Obrador himself has reiterated in recent statements, and as a proof of this, to date, we received an important cash contribution. Likewise, I reiterate that PEMEX has assumed as the challenge that the sustainability agenda represents, reflecting in the strengthening and implementation of various commitments in environmental, social, and governance matters, of which I will elaborate later. In this regard, I will only emphasize that we are in the process of integrating our sustainability plan, accompanied by Standard and Poor's Global as a third-party system. As there is progress, we will disclose it, expecting to have robust results by the end of the year. Finally, comment on the opinion, opinions published in relation to the increase in the premium value of our comprehensive insurance fund, which, some media associate with a greater risk in protection. On this, it's worth to say that the increase in the premium value is due to the update in the value of assets or inflation and other indexes related to the industry. In this context, the cost of premium is high, is high because the policy indemnifies under a scheme in which, in the event of an accident, Pemex receives the amount equivalent to replacing the damaged asset with a new one, with the same characteristics of the date of the occurrence of the event. Additionally, the premium incorporates the cost of the future insurance of the Olmeca Refinery, as well as the insurance of 100% of the Deer Park refinery. Conditions that were not required in the previous document, and that also explain the increase in the cost of the comprehensive document. It was important to clarify all these situations, providing the elements that will allow to be placed then in a fair dimension, in the spirit of our responsible disclosure of our corporational and financial condition. With all this clarification, I will now comment briefly on the main achievements reached in the second quarter of the year, which, as I mentioned at the beginning, the third we highlighted as part of explanation of our operational and financial results. In subsequent interventions, my colleagues of the upstream and downstream teams will elaborate more deeply on these results. I will begin by commenting on our main substantive activities, the production of liquid hydrocarbons. In this topic, we continue to apply efforts and strategies to contract the natural decline of our deposits in mature fields. It is not an easy task, since it depends on drilling more wells in new developments, following an ambitious drilling program. To support this action, the operational excellence model implemented in PEMEX Exploration and Production has reduced time and cost, which increases and advances in hydrocarbon production. With this in mind, the accumulated liquid production average obtained in the first half of the year amounts 1.9 million barrels per day. This is an additional 6% to the average observed in the whole of last year. As we have been doing in these forums, let's see how the participation of new developments in the total production has evolved. As of June, the already contribution, they, they already contribute in 583,000 barrels per day. This is 20,000 barrels more than those registered in March, and 110,000 barrels more compared to the contribution registered in December 2022. At Pemex, we are committed to the ambitious program of drilling production wells for the rest of 2023. We are working to accelerate the construction of the necessary infrastructure to continue incorporating fresh production, and with this, continue to beat the natural declining of our mature fields. We also continue to strengthen crude processing capacity in our refineries. In the six facilities that are part of our National Refining System, average continue to be higher than those of the previous year. When considering the contribution of Deer Park, the total average amounts 1.1 million barrels processed in PEMEX plants. In the tracking of the total supply of transport fuels, the pace of consolidation continue to be observed as progress continues toward energy self-sufficiency and less dependence on imported products. The increase in our production is remarkable compared to that registered at the beginning of our management. Let's now look at the behavior of the commercialization of our main products, gasolines and diesel. Even without registering the seasonality of the summer and the end of the year, the average, the average reached during the first half of 2023 practically equals the average of the whole 2022. With this data, it is possible to anticipate that at the end of the year, sales volumes will be higher compared to those observed the previous year. This situation is reflected in PEMEX's contribution to the domestic fuels market. A share of the order of 80% is preserved, and important commercial strategies are managed to increase this index, estimating to reach 80%-82% by the end of the year. With this, PEMEX is positioned as the leading brand in sales of oil products and the country. PEMEX is positioned as the leading brand in sales of oil products in the country and continues to recover part of the market share that it lost in the previous years. Proof of this situation is that the loss of franchises, franchises that had been registered until the middle of last year was stopped. In the last 12 months, 267 service stations have been incorporated into the PEMEX franchise, and pending regulatory procedures are identified to continue adding customers to our commercial team. We are confident that this will contribute to further strengthening our presence in the market. Well, all the above is reflected in our financial condition. The net results of MXN 57 billion obtained in the first quarter, there are another MXN 25 billion registered in the April-June period. With this, the accumulated net return of the first half 2023 remains positive, with a total of MXN 82 billion. This result is worthy of being recognized, to remember that in 2022, the recovery of international markets was consolidated, having overcome COVID, COVID, and with the oil prices above $90 per barrel in some months. In 2023, the quotation registered to date, reflects lower prices by more than $30 per barrel. Now, as you know, one of the reflections of the good macroeconomic conditions that are present today in Mexico, is the strengthening of our currency in relation to the US dollar. between March and June of this year, this appreciation has affected our evolution in the exchange rate, which went from 18.11 pesos per dollar on March to 17.07 pesos per dollar in June the 30th. This reduction in the exchange rate affects the valuation of our debt balance, reflecting an increase due to the effect of the currency conversion. Under this consideration, with an exchange rate that is lower by more than 1 peso per dollar compared to the previous quarter, the accumulated debt balance is estimated at $110.5 million. We will see now our profitability condition. When measured at EBITDA margin, PEMEX continue to be a company with high indices, registering during the first half of 2023, the third place among comparable companies in the sector. The margin reached of 25% is 2 percentage points below the industry average, which was 27%. As can be seen in the following slide, the lower sale prices of products in the industry that has already been commented, affected the results of the average EBITDA margin, which decreased with respect to those registered in 2022. As for the execution of our CapEx, during the first six months of the year, MXN 116 billion pesos were dispersed, of which 79% was located in exploration and production activities. Likewise, in a cross-section, MXN 1.5 billion pesos are identified in environmental and industrial safety actions, in practically equivalent proportions, as can be seen in table. Regarding our payments to suppliers and contractors, it should be noted that through direct flows for our stakeholders, we have disbursed in January, June period, almost MXN 216 billion pesos. Here we see the follow-up, the fight against the illicit fuel market, where we emphasize that compared to the prevailing situation in 2018, with the coordinated action with different instances of the Federal Security Board, an accumulated recovery of products with a value of MXN 103.2 billion is quantified. As for our oil hedge, which provides protection up to $5 below the price of $68.7 per barrel, with which we built our budget, we formulated our budget for 2023, it should be noted that it has paid a total of $75.5 million during the first semester because of the variability of the crude oil price. Let us now review our performance in addressing the sustainability agenda compared to the second quarter of the previous year. In terms of carbon dioxide equivalent emissions, we improved our indicators by 17.6% as our gas use increased. The indicators of sulfur oxides and water we use showed slight deterioration due to operational issues. In the next figure, we can see a decrease in greenhouse gas emissions that has been registered since the third quarter of 2022, paired with an increase in the gas use index in dependent exploration and production facilities, and between the lower cost. Regarding our safety indicators, comparing the second quarter of 2023 against 2022, the cumulative frequency index measured by accident per million hours man worked, registered a slight improvement. On the other hand, the cumulative severity index, measured by date loss per million hours man worked, increased by 1 percentage point. In the next slide, we see our social commitment, and this is reflected in action aimed at supporting health services, education, and infrastructure construction in the communities where we operate. There are registered actions in this topic with a value of MXN 760 million. Regarding the attention to our risk inventory, it should be noted that MXN 9.7 billion have been allocated for environmental risk, and MXN 23 billion for safety and operational reliability. Finally, before giving the floor to the upstream and downstream team, I will elaborate on public debt and the financing strategy. First of all, the rate and support received by the federal government to strengthen PEMEX. To date, as summarized in this slide, PEMEX has received a total support of MXN 720 billion in various contributions, and an additional MXN 416 billion, calculated by the decrease in the rate of the determination of the profit sharing duties. With this, as well as the determination taken by the President of Mexico, who reaffirmed the support to the company for the payment of its debt capitalization, the close coordination is confirmed, and the commitment to support the public fulfillment of PEMEX's commitment is demonstrated. As the most recent proof of this support, in recent days, we received an important cash contribution to strengthen our financial condition. Regarding our maturity profile, this updated figure shows that for the rest of 2023, $4 billion are identified. These maturities will be covered in consistency with the strategy announced by the President of Mexico and the Minister of Hacienda. That consists of 3 parts. First, the support from the federal government, the potential refinancing bank maturity, and in case it agreed with Hacienda, evaluate a potential return to the market. Always in continuous communication with the ministry, the Hacienda team. Finally, it's good to highlight that the accumulated debt balance, as mentioned at the beginning of my intervention, considers the effect of the currency conversion, with the appreciation of the peso showing a decrease in the exchange rate by more than 1 peso per dollar. At the end of the period, total debt balance is estimated at $110.5 million. However, expressed in pesos, the debt balance registered a decrease of 9.8% compared to the end of 2022. Well, at this point, to continue with the detailed explanation of our, our upstream, operative performance, I give the floor to my colleague, Juan Carlos Granados, from the PEMEX Exploration and Production team. Thank you very much for your attention, and please go on, Juan Carlos. Thank you, Carlos. Thank you very much, and good morning to all. The presentation of the operating results of PEMEX Exploración y Producción is divided into three sections. In the first part, I will talk about the performance in the production of liquid hydrocarbons, that is, crude oil and condensates, without including the production of our partners. In the second section, I will show the performance of natural gas production. Finally, in the third section, I will present the advances in production in the new fields project. Following PEMEX business plan, PEMEX Exploración y Producción is focused on areas with higher productive and economic potential. The current strategy prioritizes exploration in onshore and shallow waters fields. In addition, the accelerated development of new fields continues, besides, aid incorporation of production from exploratory wells is maintained. Likewise, the times to develop and start production of new fields has been reduced, and the focus on maintenance and immediate attention to operational problems of wells continues to sustain production in mature fields. Consequently, these actions allowed us to reach a liquid production volume of 1,882,000 barrels per day in the second quarter 2023, a volume not recorded since the first quarter 2018. The growth in the production of liquid hydrocarbons during the second quarter 2023 maintains the upward trend observed since 2019, averaging 1,882,000 barrels per day, which represents a 126,000 barrels per day increase as compared to the second quarter 2022. This growth is mainly explained by the completion of wells from the new fields development strategy and by the early production of exploratory locations close to fields with existing infrastructure. Regarding the quality of the hydrocarbons produced, light crude oil amounted to 48% of total production in the second quarter of 2023, due to the contribution of the new fields, which mainly produced higher quality oils. 66% of the crude oil comes from fields in shallow waters, and the remaining 54% come from the onshore fields. Regarding the annual performance of natural gas production, excluding partners, as observed in the graph, increased in the second quarter of 2023 by 199 million cubic feet per day. This is an equivalent to a 5.2% growth compared to the same period in 2022, going from 3,000,852 to 4,051,000 cubic feet per day. As in crude oil production, the downward trend in non-nitrogen gas production has been reversed, mainly due to the contribution of wells with a high gas-oil ratio in the Quesqui and Tupilco Profundo fields in the southern region, the Ixachi field in the north region, and the Koban field in the southwest marine region. Regarding production location, 42% comes from fields in shallow waters, and the remaining 58% from onshore fields. The production of liquid hydrocarbons extracted from the new fields is an essential part of the strategy to maintain a growth trend in production. In this sense, in the second quarter of this year, the production of 70,000 barrels per day from the completion of eight wells in new fields was incorporated, of which four are offshore and four are onshore, in addition to seven wells of the exploratory component. In the second quarter, liquid hydrocarbon production, due to the full incorporation of new developments and early field production, averaged 582,000 barrels per day, due to the contribution of 183 wells, 106 offshore and 77 onshore, located in 41 new fields. Compared to the second quarter of 2022. The production of the liquids in new fields increased 208,000 barrels per day. That is a growth of 55%. It is worth to mention that 35% of the liquid hydrocarbon production contributed by this strategy comes from the Quesqui fields. On the other hand, the production of natural gas in new fields total is 1,559,000 cubic feet per day. By the third quarter of 2023, an additional 21 wells are expected to be completed to maintain production growth in this strategy. This concludes my participation in the results call for the second quarter of 2023. I now give the floor to Reinaldo Wences of PEMEX Transformación Industrial. Thank you. Thank you very much, Juan Carlos. Good morning, thank you all for participating in this call. Regarding crude oil processing, as shown in the graph, in the second quarter of 2023, the crude oil process at the National Refining System averaged 826,000 barrels per day, a 4% increase as compared to the same period of 2022. By refinery, the process was as follows: in Salina Cruz, 193,000 barrels per day. In Tula, the process was 175,000 barrels per day. Minatitlan with 128,000 barrels per day. Cadereyta with 123,000 barrels per day. Salamanca with 115,000 barrels per day, and Madero with 91,000 barrels per day. Regarding the National Refining System Rehabilitation Program, during the January, June period, repairs were completed in 23 processing units, 19 corresponding to the 2023 program and four from previous years' programs. In this year, the rehabilitation program will continue to focus on restoring the mechanical integrity of the processing units, main services, and storage tanks. Moving on to oil products production. In the second quarter of 2023, oil products production recorded a 2% increase as compared to the same quarter of 2022, averaging 822,000 barrels per day, of which 247,000 barrels per day were gasoline, 137,000 barrels per day of diesel, 35,000 barrels per day of jet fuel, and 403,000 barrels per day of other oil products and LP gas. It should be noted that in relation to the same period of 2022, in the distillates production, that is gasoline, diesel, and jet fuel, the best operating performance was obtained at Salina Cruz and Tula, where we recorded a production of 95,000 barrels per day and 93,000 barrels per day, respectively. With respect to our variable refining margin, during the second quarter of 2023, the National Refining System recorded an average variable refining margin of $9.60 per barrel, remaining thus in positive values. Let's go to the next slide. With respect to gas operations, during the second quarter of 2023, wet gas processing was 2,794 million cubic feet per day, 50 million cubic feet per day, more than in the same period of 2022, of which 2,441 million cubic feet per day was sour wet gas and 353 million cubic feet per day was sweet wet gas. This behavior is a result of higher availability of gas due to the increase in production of wet sour gas in the southeast region of PEMEX Exploración y Producción by approximately 38 million cubic feet per day. I would like to highlight that gas delivery from the Quesqui field continues with a positive trend and reached a production of around 726 million cubic feet per day in the second quarter of 2023, which allowed an increase in wet gas processing in Cactus and Nuevo Pemex gas processing complexes. As a result of the aforementioned operating conditions, gas production recorded 2,185 million cubic feet per day, that is 61 million cubic feet per day, lower than the reported in the same quarter of 2022. This is mainly explained by lower gas production at Ciudad Pemex, Nuevo Pemex, and La Venta gas processing complexes. In Nuevo PEMEX, as a result of the outage to repair cryogenic units, this was compensated with better results in the production of gas liquids, with an increase of 26,000 barrels per day, mainly in Cactus and Ciudad PEMEX gas processing complexes. Let's go to the next slide. Regarding petrochemicals production, in the second quarter of 2023, total petrochemicals production was 211,000 tons. The reduction in production is mainly explained by lower ammonia production. The chains that presented the best performances are: 1, the aromatics and derivatives production was 28,000 tons, a volume 26,000 tons higher than the figure recorded in the second quarter of 2022, as a result of the continuous and stable operation of the CCR unit at La Cangrejera Petrochemical Complex. Two, the ethane derivatives production was 29,000 tons, a volume 13,000 tons higher than the recorded in the same period of 2022, mainly explained by a higher linear low-density polyethylene production. The reduction in petrochemicals production is a result of the scheduled shutdown for repairs at the Ammonia VI plant of the Cosoleacaque Petrochemical Complex, which began in April 2023 and affected production in the second quarter, mainly in the production of ammonia, which was 17,000 tons, with a reduction of 79,000 tons compared to the same period of 2022. Carbon dioxide production was also affected at 30,000 tons, a reduction of 55,000 tons with respect to the same period. The good news is that the Ammonia VI plant is in the startup process phase right now and in preparation to start operations in the month of August. This concludes my participation in this call. I now give the floor to Carlos Cortez, our CFO, for a final message. Thank you very much for your attention. Thank you very much, Reinaldo, for your participation, and thank you also to Juan Carlos. Well, I think we have a few minutes more to take some questions. We can proceed to take. Please go. Thank you. Would like to give a reminder to ask the question. Please press star one one on your telephone and wait for your name to be announced. To withdraw the question, simply press star one one again. For the web, simply type your question in the Q&A tab and submit. One moment for our first questions. It comes from the line of Anne Milne with Bank of America. Please proceed. Thank you very much for the conference call today and the additional disclosure earlier this week on recent accidents. That was very helpful. I have three questions today. The first question has to do with the process for analyzing and responding to accidents. I just wanted to see if you could confirm who are the third-party agencies, or regulators within Mexico that normally respond and evaluate these events, like accidents, explosions, spills, etc. Is it the CNH? Is it the Navy? Is it someone else? I've heard different names over the past week, so I just would like it if you could clarify that, and then if there's any international agencies that would be consulted. The second question is on the debt front. First, I just want to confirm that the funds received will be used in some format for repaying or refinancing non-bank debt. That's what it sounded like, I think, in your earlier call, but I just wanted to confirm that. Also, do you have a target amount for total debt at the end of this year or the end of next year? Will that be below $100 billion, sorry? Then finally, my third question is on the refinery side, perhaps for Reinaldo. If you could just go over what production composition of distillates you expect after the cokers, both cokers, are up and running on Mexico's National Refining System. Thank you very much. Thank you very much. For the first question, I'm going to give the floor to Juan Carlos from PEMEX Exploration and Production. Thank you very much, and thank you for the great questions. Regarding the incident associated with the Nohoch platform, there are some comments to that are worth to be mentioned. First of all, on July 7th, at approximately 5:17 A.M., a fire broke out in Nohoch platform and later in the Compression Complex. According to the PEMEX security protocol, which mandate, mandates to activate the emergency shutdown system immediately, four vessels controlled the fire and prevented it from spreading to other platforms. This undecided event caused the shutdown of approximately 576 barrels of production per day. According to the regulation, this event was communicated to, in one side, the Environmental Protection Agency, which is there, and in the other part, the Navy Ministry, which is the SEMAR. Hi, Anne, for the next question, this is Alberto Jiménez. This capital injection is to strengthen PEMEX financial position. It does include, but it's not limited to, the next, the upcoming bond maturities. In terms of a target in the debt, we are committed jointly with the Ministry of Finance to sustain this downward trend in debt. For the third question, I will give the floor to Reinaldo Wences. Yes, hello, good afternoon. Well, the objective of the project, both of Tula and Salina Cruz, are such that, for example, in the case of Salina Cruz, we will be able to process 75,000 barrels per day of what we call residuals and have more of a distillate type product from that, either diesel or, or gasoline. In the case of Tula, we are adding, because we will have the possibility to process residuals both in Tula and the ones of the Salamanca refinery, where we would have more than 100,000 barrels per day from both refineries. This will allow us to have more diesel, also to have diesel with low content of sulfur and have gasoline and higher value products from both of those. Thank you very much for your question, Anne. Thank you. Do we have any on the webcast? As a reminder, to ask a question via the telephone is star one one. One moment for our next question, please. It comes from the line of Badr El Moutawakil with Barclays. Please proceed. Yes, good morning. Good afternoon. Thank you so much for, for taking my question. I have two quick questions. The first one is just a quick follow-up on the previous question from Anne on the capital injection. We've seen order support. We've seen in the year 2Q numbers that the contribution from the government were around, I think MXN 17 billion, and now the press is talking about MXN 65 billion as a support. Can you just let us know if the 65 is an addition of the 17 that we've seen so far in year 2Q, or this is a total for the year, as in just what's, what's expected? My second question is regarding the comments yesterday from Hacienda, suggesting that PEMEX will have to cut CapEx and OpEx going, going forward. Can you give us like a level of the CapEx that we should expect for the second part of the year? If you can give us, like, some free cash flow estimates for the second of the year, that would be really helpful. Thank you so much. I'll take the first question. This is Alberto Jiménez. Regarding the first question, this MXN 65 billion are additional to the MXN 17, MXN 18 that you mentioned. For the second question, just one second. Regarding the, your question about the CapEx, we will use the ceiling of authorized for the CapEx. That will be our objective, to use all of the amount that was authorized. Thank you. All right. Do we have any other questions through the webcast? I'm not showing any on the phones at this time. We, we will take one from the webcast. Brendan Brent, can you please outline how you intend to refinance debt, which is maturing over the next 12, 18 months? As our CFO mentioned, first of all, we will refinance the bank debt. We will consider if the conditions are in place, an orderly return to the capital markets, in close coordination with Hacienda. Of course, as we, as we have insisted, there will be additional support from, from UMS to address this maturity. That will be the answer. All right, thank you. I'm not showing any questions in the phones, but if you do have one, star one, one. I'm not showing any further questions in the queue. I will pass it back to PEMEX team for any final comments. Well, thank you. This is Carlos Cortez again. Just a few words to finish this event. Well, in PEMEX, as in any higher risk industry, operational incidents occur. The important thing is to put them in the right dimension and place them in the right context. We hope we to have clarified in the failure operative incidents that have been published in the media, as well as to have a moderated uncertainty about the federal government commitment to provide support to PEMEX. Well, thank you very much. Thank you for your interest in knowing our results, and see you next time. Thank you. Thank you. With that, ladies and gentlemen, thank you for participating, and you may now disconnect.