Morning, ladies and gentlemen, and welcome to the PEMEX Results as of September 30th, 2023 Conference Call, hosted by Carlos Cortez, Acting Chief Financial Officer, Jesús Rojas, Deputy Director of Exploration and Production by Contract, 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 Investor 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, Carmen. Good morning, and welcome to this call to present the financial and operational results for the Q3 of 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 statements and to review the cautionary notes that appear in the final pages of our earnings report. This is published in the Investor Relations section of PEMEX's website. For this conference call and its supporting documentation, quarterly variations are computed as compared to the same quarter of the previous year, and cumulative variations are computed as compared to the same period of the previous year, unless it is otherwise specified. Thank you for your participation, and welcome. On behalf of Petróleos Mexicanos, and now I give the floor to our Chief Financial Officer, Carlos Cortez González. The floor is yours, Carlos. Thank you, Chris. Good morning. Hoping everyone is well. This is Carlos Cortez, acting PEMEX CFO. We appreciate the interest of the entire audience that joins us today, knowing the results achieved by PEMEX at the end of the first Q3 of 2023. All of us who collaborate in this great company are clear about the commitment that comes with the serious and responsible management of Mexico's oil wealth. In this sense, the motivations that guide us at all time seek to maximize the use and the value of hydrocarbon reserves, thus contributing to the development of our country. In this sense, I would like to begin by highlighting that, thanks to the support of the federal government, which has been demonstrated more than in any other administration, PEMEX has managed, in these years, a turnaround on its operational and financial performance. This turnaround has been achieved thanks to the close coordination between PEMEX and the federal government, which follows very clear line, both in terms of direct support, fiscal and regulatory measures, as well as in action for the joint management of cash flows. For many reasons, we consider that there are no elements to assume the impossibility or lack of will of the federal government to support the company. This support to improve the financial condition of PEMEX is remarkable. Since from 2019 to date, it has already totaled MXN 806 billion in terms of direct contributions. Likewise, the reduction in the rate for determining the Profit Sharing D uty from the 65% prevailing at the beginning of the administration to the 40% currently in force has allowed us to release important additional flows that have given room to strengthen our investment spending, as well as for a fulfillment of other financial commitments. The effects of these support measures by the federal government, combined with a favorable price environment that has been present in the market since last year, established the condition to change the downward trend that was in the profile of our main operating indicators, a situation that has stabilized and reversed, as I will now describe. Well, as can be seen in this slide, with the execution of a new exploitation and field development strategy during 2019 and 2020, the declining rate of our hydrocarbon extraction was stabilized. And to date, there is a clear sign of recovery by registering an average of 1.88 MMbpd during the first nine months of 2023. Here, it is very important to highlight that, given the accelerated natural declining of our mature fields, and in addition to the maintenance and stimulation works of our current wells, in these almost five years, we have incorporated 44 new fields, a figure much higher than the 27 that were added together during the two previous administrations, and to the 2022 that we identified at the beginning of ours. This situation implies that, thanks to this strategy, currently, almost a third part of the total extraction of liquid hydrocarbons comes from production provided by developments that were incorporated in these five years. Or in other words, if the initial trend had followed without incorporating new fields today, PEMEX production would be equivalent to two-thirds of the current one. Regarding the process of oil in our refineries, there is also a change of course. Contrary to the situation that had been observed until 2018, refining capacity stabilized at the end of the Q3 of this year, integrating the capacities of the national refining system and our refinery in Deer Park. The total process in PEMEX assets was 1.1 MMbpd.. In a few months, more, the integration of the 17 plants of the Olmeca Refinery will be completed, and as a first stage of construction of infrastructure for the disposal, disposal of fuels and petrochemicals produced there will be completed, thereby ensuring a continuous operation in this refinery. Once this condition is reached, the total crude oil process will increase by just over 300,000 additional bbl per day, as well as the supply of fuels and petrochemical. About our offer of oil derivatives, the change of direction that I have been spoken of has also allowed us to reverse an initial condition of lower production to also stabilize and increasing it, highlighting the participation of Deer Park, which already has a significant contribution volume of transport fuels. This is gasolines and diesel. In full follow-up of the energy self-sufficiency strategy in terms of fuels with these conditions, progress is made in reducing dependence on purchases from abroad. Likewise, with the upcoming contribution of the Olmeca Refinery, as well as the greater conversion that will be achieved once the Tula and Salina Cruz coking plants are completed, we are sure that we are not far from achieving independence in this matter. The commercialization of this greater range of products has been reflected in a greater participation of national sales in PEMEX total income, contributing to strengthening the domestic markets. In terms of gasoline and diesel, since last year, sales levels have reached almost 1 MMbpd, recovering pre-pandemic levels. We continue to work with market intelligence to offer attractive commercial schemes, continue attracting new clients, and increasing our participation in the domestic automotive fuel market, which is expected to reach 82% at the end of this year, thereby endorsing PEMEX leadership as the main marketer in the country. Regarding the number of service stations with PEMEX franchise, a significant numbers of units have been incorporated so far this year, which shows that the efforts in commercial matters are attractive for those who decide to join our sales team with the supply of the product, product and the brand identity under the PEMEX business model. We will now elaborate on our financial performance. Here we have our income statement, and notwithstanding the effects of the exchange rate variation due to the depreciation of the peso against the dollar, the dollar during the Q3, which caused the isolated net return for this period to be negative, the accumulated amount for the first nine months of the year is positive by MXN 3 billion. What is important to highlight is that in this Q3, income from internal and external sales was recorded for a total of MXN 462 billion. This is higher than the MXN 418 billion and MXN 414 billion recorded in the first two quarters, respectively. Even the gross income from the quarter is the greater of the year, and the operating income is also positive in this quarter. Regarding the debt balance as of September 30, it stands at a total of $105.8 billion, being the lowest balance since 2020. If the component of the monetization of the credit titles received from the federal government for the lower labor liabilities is not considered, the balance amounts $101 billion, representing a reduction of $4.6 billion compared to the balance on December 31 in 2018. If measured in real terms, the reduction in the total debt balance is more than $23 billion, representing a reduction of 18.1% in relation to the balance with which this administration began. I don't want to miss the opportunity to transmit some messages regarding the progress in the context of our sustainability plan, which, as you know, we are in the integration process, accompanied by the Standard & Poor's Global team as a third-party consultant. In this regard, we can tell you that there has been substantial progress in defining the strategies for reducing emissions and energy transition. Together with the consulting team, we have identified initiatives to reduce greenhouse emissions and options for transitioning to a low carbon future, policies focused on reducing greenhouse gas emissions and addressing climate change, as well as implications and risk for PEMEX for this energy transition. The efforts that will also be included in the plan will focus on the most material components, such as industrial safety and occupational health issues, as well as aspects of social responsibility and governance. Another aspect that is being analyzed is the impact on PEMEX of the evaluation criteria used by agencies specialized in measuring performance in environmental, social, and governance matters. And this with the purpose of developing actions so that the company could improve its qualification in this matter in the medium or long term. For all this, a roadmap has been drawn, and this roadmap will guide the efforts for the integration of the sustainability plan, initially focusing on areas and assets with the greatest impact. These activities are expected to conclude next December, the date on which we will able to disclose in detail the contents of these important efforts. Important advances are also identified in the resolutions that have been taken in our sustainability committee, in our strategy for the use of gas and in the efforts to disclose information, such as the presentation of the questionnaires through the CDP platform last July. Later, I will elaborate on these topics in greater depth. I I want to reiterate that all the efforts that PEMEX is carrying out in ESG matters are with a view to entering into a sustainable financing in the medium or long term. Well, let's check out our main financial highlights in detail. As initially commented, the amount of total sales for this period is the highest of the year, and a positive operating profit of MXN 32 million was achieved. However, the effects of the exchange rate variation due to the depreciation of the peso against the dollar, as well as the incidence of some asset write-offs, which were reflected in expenses, such as the damage in the Nohoch platform, resulted in a net loss of MXN 79 billion in the quarter. As already mentioned, the cumulative results from January to September are positive at MXN 3 billion. Regarding the profitability and the profitability metrics, the absolute and relative EBITDA have moderated with respect to the levels observed last year, and this is explained because oil prices. Although they maintain attractive levels now, they do not compare with those observed last year when there were periods where there were quotes close to $100 per barrel. When measured in relative terms with respect to sales, during the Q3, a margin of an EBITDA margin of 18% was achieved, for a cumulative average of 22% in the first three quarters of 2023. And this 23%, as can be seen in the following slide, is in line with the average observed among the main peers in the sector. And with this level, and taking into account public information, PEMEX is in fourth position if we compare the 10 main participants. We would like also to highlight the results of our refinery in Deer Park, which since PEMEX assumed control at the beginning of 2022, have been solid, with positive net returns of $954 million at the end of that year, and $711 million at the Q3 of 2023, in contrast to the losses observed in the previous three years. The management of this facility also reflects a change in direction since as of 2022, there are higher levels of utilization and availability of plants, as well as lower rates of unscheduled stops. This operating situation, combined with favorable market conditions in the North American coast of the Gulf of Mexico, has been reflected in a strong generation of EBITDA, with $1.3 billion recorded last year, and $895 million in the Q3 of 2023. Figures that do not compare with those achieved in the previous five years. Very important, since this acquisition, the refinery has not incurred in debt, maintaining zero debt to date. Another reference that has also shown a change in direction since the beginning of this administration, is investment spending, which, since 2019, reflects a change in trend. In the first nine months of this year, MXN 162 billion have been spent in CapEx, and with the current trend, it is estimated that at the end of this year, we will reach higher levels than those observed in 2022. Of the total investment already made, 79% has been assigned to exploration and extraction of hydrocarbons, 16% to the industrial transformation projects such as rehabilitation of refineries, gas and petrochemical facilities, and the remaining 5% to product distribution projects and support for transversal issues such as information technologies. In advance of the implementation of our taxonomy that allows eventually revealing with clarity and transparency the amounts that are invested in sustainability issues, as of the Q3 of 2023, MXN 908 million are identified for environmental issues, and MXN 950 million for industrial safety issues. What about our suppliers and contractors payments? Well, not even in the most complicated stages during the pandemic did PEMEX decrease the flow of payments to suppliers. During 2021 and 2022, we registered increases compared to the previous years, and during this 2023, we have disbursed almost MXN 300 billion until the Q3 of the year. We are working to continue disbursing payments through direct flows, factoring schemes and other financial structures to continue supporting our suppliers and contractors. In a very fast way, following up on our oil hedge, which provides protection up to $5 below the price of $68.7 per barrel, with which the income included in our original budget was formulated, we highlight that no significant changes were recorded compared to the last quarter. That is, the accumulated payments received of $76 billion reported last quarter still remain. I will now comment on the attention to our sustainability agenda, and I will begin by commenting on our KPIs in environmental protection, comparing these results achieved in the Q3 of this year in relation to the same period of the last year. In the case of carbon dioxide equivalent emissions, a decrease of 17.8% was recorded thanks to the entry into operation of infrastructure projects for the use of mainly associated gas. Regarding our sulfur oxide emissions, a reduction was also recorded, in this case of 17.1%, and this is explained by lower consumption of fuel oil and refining in some refining processes, and lower burning of sour gas in PEMEX Exploration and Production. Regarding the treated water, the index increases by 12.2% due to the greater reuse at the Tula Refinery, and also because the entry into operation of a treatment plant at the Madero Refinery. In relation to the efforts to reduce our greenhouse gas emissions, in the graph above, we see its evolution since 2021, where if we compare the levels observed in the Q3 of 2023 with respect to the same period of the previous year, we observe a reduction of 17.8%, equivalent to 3,000 tons of carbon dioxide equivalents. And in parallel, it is observed that during 2023, there is an average of 95% in the gas utilization rate, mainly in the PEMEX Exploration and Production facilities. Here, remember that our goal is 98%, so 98%, towards the end of this administration. About our safety KPIs, at PEMEX, we continue to focus on reinforcing our safety measures, through the planning and programming of risky work, permits, both for companies for PEMEX personnel and for contractors. We also continue to promote the application of our safety, health, and work, and environmental protection program in our activities. In relation to our key KPI security performance key security performance indicators in relation to the Q3 of the previous year, we can comment that the lost time injury frequency rate, measured as the number of accidents per million man-hours worked, improved by 7 percentage points, and the severity index measured as days lost per million man-hours worked, decreases by 6 units. Regarding our social commitment actions, we continue to support initiatives to support and promote sports, some infrastructure and productive projects, some health aspects, as well as efforts to support public safety and civil protection in the communities where we operate. As of the Q3 of 2023, investments for about MXN 600 million are identified, and this spending has very relevant social responsibility impact, and it strengthens PEMEX's ties with the population in the communities where we operate, where we have operations. Let's now talk about our strategies for addressing risk. During this quarter, the inventory of environmental risk was updated in adding 10 risks for a total of 235 risks. At the end of Q3 2023, 38 of these risks have been addressed, 72 are in the care process, and 125 have a work program to subsequent years. The estimated total investment amount to address this inventory of environmental risk is MXN 11.8 million, focused on mitigating the effects on soil, water, and air. Regarding the inventory of safety and reliable reliability risks, to date, 625 of the 853 identified risks has been addressed, and for the remaining 228, risk mitigation plans have been implemented to address them in a definitive way, in a definite way. The total investment amounts for the care of this inventory is MXN 23 billion. Finally, I just want to add that, as mentioned initially, there is a roadmap to mainly integrate emissions reduction and energy transition strategies within the framework of our sustainability plan. And this action plan considers efforts to integrate a diagnosis and prioritization of the assets to be considered to identify an abatement initiatives, to evaluate financial options, definitions of goals and action plans, and finally, the selection of the disclosure of disclosing strategies. It is expected to have this definition by next December, so the disclosure is planned before the end of the year. Well, let's go to the final with this final section, I will elaborate on our financing strategies. I would like to initially return to the message that I expressed at the beginning of my participation regarding the support received from the federal government. As already mentioned, in addition to the important reduction in the rate for determining the Profit Sharing Duty, since the beginning of this administration, there have been important contributions to PEMEX in cash. More than half of them, this is MXN 417 of the MXN 806 billion received to date, have been used to pay PEMEX financial debts. Most of the remainder has been directed to strengthening our refining capacity, since, with this support, the rest of the shareholding in the Deer Park Refinery was acquired, assuming 100% of the control since last year. The Olmeca Refinery is being built in Dos Bocas, Tabasco, and also investment in supporting the rehabilitation plans of the six refineries in the national system is going on. We want to reiterate that these actions confirm the close coordination with the federal government through the Ministry of Finance, the Hacienda, and this shows support for the fulfillment of PEMEX's financial commitment. The strengthening, the strengthening of PEMEX financial condition has allowed, among other things, to meet the payments, commitments of our debt, debt amortizations without necessarily incurring a new financing at the moment. Here we have our maturity profile. We can identify a payment commitment for around $1.5 billion for the rest of the year, which will be attended with, will be attended without problems, without setbacks. For 2024, also, the amount is relevant, with the determination contained in the 2024 income law that is in Mexican Congress, which considers a specific budget line, a specific budget item, to contribute to PEMEX MXN 145 billion in cash. With the reduction in the rate of the Profit Sharing Duty from the current 40% to 30%, the resources that we need to cover these maturities of $11 billion will be resolved. About our debt balance, it is worth highlighting that the accumulated, the committed accumulated balance of debt, as mentioned at the beginning, in my presentation, amounts to $105.8 billion. And based on this, it is estimated that in nominal terms, at the end of the year, there will be a balance lower than that recorded at the close of the previous administration. Even considering the effects of the financial liability that represented monetization of those credit titles received because of the decrease in our labor liabilities. Finally, I want to comment that PEMEX is in the process of negotiation, a combo of credit lines that we call the Jumbo Deal. It composes for a term loan of $2.5 billion and two revolving line, one from PEMEX of $5.5 billion that matures in June 2024, and another from PMI for $1.5 billion dollars that matures this December 2023. We have decided to advance the efforts for its renewal, taking into account the potential conditions of volatility that a presidential election in North America could bring. Because as you know, there are elections in Mexico and in the United States next year. To date, several counterparties have already approached the PEMEX and PMI to present and discuss their proposals for renewing these conditions. The negotiations are ongoing, and it is expected to close them at the second week of next November. Well, with this, I conclude my participation. What is next is the presentation of the details of our operational performance in detail. And to continue with this discussion, I give the floor to Jesús Rojas from the PEMEX Exploration and Production team. Thank you. Go on, Jesús. Thank you, and good morning to all of you. The presentation of the operating results of PEMEX Exploration and Production is divided into three parts. In the first part, I will talk about the performance of the annual production of liquid hydrocarbons, that is, the production of crude oil and condensate, excluding the production of our partners. In the second section, I will present the annual performance of natural gas production, and in the third section, I will present the production progress in the new fields project. In the line, in the 2023-2027 business plan, PEMEX Exploration and Production continues to focus on areas with the greatest productive and economic potential. The current strategy also prioritizes exploration in onshore and shallow water areas. The accelerated development of the new fields will continue. The early integration of production from exploration wells will be maintained. The time it takes to develop and bring newly discovered fields onstream has also been reduced. The focus continues to be on wells and tanks to maintain base production in operating fields, as well as immediate attention to operational problems. As a result of these actions, we are able to reverse the production trend and reach 1,850,000 bbl per day in the Q3 of this year. The growth of the liquid hydrocarbons production in the Q3 of 2023 continues the upward trend observed, with an average of 1.850 MMbpd, an increase of 86,000 bbl per day compared to the Q3 of 2022. This growth is mainly explained by the contribution of well completion for the new field development strategy, and early production from exploration location close to fields with existing infrastructure. In terms of quality of hydrocarbons produced, the share of light crude oil increased to 47% of total production in the Q3, thanks to the contribution of the new fields, which are predominantly producers in this type of hydrocarbons. In terms of location, 66% of the production came from shallow water fields, and the remaining 34% from onshore fields. As for the annual performance of hydrocarbon gas production, excluding the production of the partners, as shown in the graph, it increased in the Q3 of 2023 by 80 million cu ft per day, which represent a growth of 2. 1% compared to the same period of 2022, from 2,879 million cu ft per day to 3,959 million cu ft per day. As in the case of crude oil production, the lower trend in nitrogen-free gas production was reversed, mainly to the contribution of wells with a high gas oil ratio from the Quesqui and Tupilco Profundo fields in the southern region, the Ixachi fields in the northern region, and the Koban field in the sour wet marine region. Regarding the location of production, 42% come from the shallow water field, and the remaining 58% from onshore fields. The productive for liquid hydrocarbons for the new field is an essential part of the strategy to maintain a production growth trend. In this sense, in the Q3 of this year, we incorporated production on 40,000 bbl per day through the completion of 11 new field wells, of which 4 are offshore and 7 are onshore, in addition to 2 onshore and 2 offshore wells belonging to the exploration component. In the Q3, the production of liquid hydrocarbons from the total integration of the new developments and early production of field averaged 591,000 barrels of oil equivalent per day, thanks to the contribution on 200 wells, 100 wells offshore and 88 onshore, located in 44 new fields. Compared with the Q3 of 2022, liquid production from the new fields increased by 192,000 bbl of oil equivalent per day, or 48%. Natural gas production for the new fields totals 1,541,000 cu ft per day. A total of 24 additional wells are expected to be complete by the Q4 of 2023 to maintain production growth in this strategy. That concludes my participation in this quarter 23 earnings call. I now hand over to Mr. Reinaldo Wences from PEMEX Transformación Industrial. Thank you. Thank you very much. Good morning, and thank you all for participating in this call. Regarding crude oil processing, as shown in the graph, in the Q3 of 2023, the crude oil process of the national refining system averaged 778,000 bbl per day. By refinery, the process was as follows: In Salina Cruz, the process was 208,000 bbl per day. In Tula, 192,000 bbl per day; in Minatitlán, 103,000 bbl per day; in Salamanca, 97,000 bbl per day; in Madero, 90,000 bbl per day, and in Cadereyta, 88,000 bbl per day. Regarding the National Refining System Rehabilitation Program, from January to September 2023, 48 repairs were completing in process plants, 44 from the 2023 program and 4 from previous years' programs. In 2023, 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 Q3 of 2023, oil products production recorded a 2% decrease as compared to the same quarter of 2022, averaging 787,000 bbl per day, of which 240,000 bbl per day was gasoline, 136,000 bbl per day of diesel, 39,000 bbl per day of jet fuel, and 373,000 bbl per day of other oil products and LP gas. It should be noted that as compared to the same period of 2022, in the distillates production, that is gasoline, diesel, and jet fuel, the best operating performance was obtained at Tula, Cadereyta, and Madero, with a production, respectively, of 115,000 bbl per day, 58,000 bbl per day, and 46,000 bbl per day. It is worth mentioning that the production of distillates represented 52.6% of the total production of oil products, which, with which the yield of distillates reached 53.2%, 1.7 percentage points higher than in the same quarter of 2022. With respect to the variable margin, I would like to highlight that the refining margin achieved during the Q3 of 2023 in the national refining system represents the best historical quarterly result, averaging $22.98 per barrel. A figure $31.41 per barrel higher as compared to the value recorded for the same period in 2022. This increase is explained by the differential between the reference prices of crude oil and the prices of refined products, relatively lower inventory levels, and also improvements in the volume that we are processing in our refineries. Let's go to the next slide. With respect to gas operations, in the Q3 of 2023, wet gas processing was 2,494 million cu ft per day, 301 million cu ft per day lower than in the same period of 2022, of which 2,158 million cu ft per day was sour wet gas, and 336 million cu ft per day was sweet wet gas. It is worth noting that gas supply from the Quesqui field, which reached 666 million cu ft per day production in the Q3 of 2023, continues with a positive trend, allowing an increase in the wet gas processing at the Cactus Gas Processing Complex. On the other hand, due to lower sour wet gas supply from the southeastern region by approximately 258 million cu ft per day, the processing at the Ciudad PEMEX and PEMEX Gas Processing Complex decreased. As a result of these operating conditions, dry gas production recorded 911 million cu ft per day, 367 million cu ft per day lower than the one recorded in the same quarter of 2022, impacting gas production at Ciudad PEMEX, Nuevo PEMEX, and La Venta Gas Processing Complexes. Finally, in this chapter, gas liquids production averaged 154,000 bbl per day. That is 12,000 bbl per day lower as compared to the Q3 of 2022 record, because of the production decrease at Ciudad PEMEX gas processing complex due to lower southwest gas. The next slide, petrochemicals production. Regarding petrochemicals production, in the Q3 of 2023, the total petrochemicals production was 234,000 tons, 121,000 tons lower as compared to the same period of 2022. These results are mainly explained by the ammonia production decrease due to lower ethane availability and petrochemical complexes. The best-performing productive chains were, one, the methanol production of the Independencia Petrochemical Complex at 40,000 tons, a volume 13,000 tons higher as compared to the same period in 2022, mainly due to the stable production operation of the methanol plant number two. And two, the aromatics and derivatives production was 8,000 tons, a volume 7,000 tons higher as compared to the recorded in the Q3 of 2022, since the aromatics extraction fractioner of the continuous catalytic reforming unit at La Cangrejera Petrochemical Complex, recorded a longer operation time as compared to the same quarter of the previous year. The scheduled shutdown for repairs of the Ammonia Plant Six of the Cosoleacaque Petrochemical Complex, which began in April 2023, impacted petrochemicals production in the Q3. Mainly, the ammonia production, which recorded 32,000 tons, representing a 53,000 tons decrease as compared to the same period of 2022. Carbon dioxide production was also affected at 74,000 tons, a 40,000 tons decrease with respect to the same period. It is important to mention that the Ammonia Plant Six began operation on July 13 with carbon dioxide production, and on August 4 with ammonia production. On September 9, it had a shutdown due to the requested electrical release by the Federal Electricity Commission, and restarted operations on September 23. Currently, the Ammonia Plant Six is in continuous operation with the production of ammonia and carbon dioxide. Finally, I'd like to give the word to our CFO. Thank you very much. Thank you very much, Reinaldo, for your valuable participation today. And now we can take a few minutes to gladly attend the Q&A section. Thank you. Thank you. And as a reminder, ladies and gentlemen, to ask a question, simply press Star 1 1 on your telephone and wait for your name to be announced. To withdraw the question, simply press star one one again. One moment while we compile the Q&A roster. All right, one moment for our first question that comes from the line of Anne Milne with Bank of America. Good morning, good afternoon, and thank you very much for your very complete presentation today. I have two questions, one of which I think you partially answered. But the first one is, could you please give us an update of the status on the two new cokers that you are looking to install in terms of the timing of what we could expect there? And the second one has to do with the bank refinancing that you discussed. It sounds like with the three facilities you mentioned, you should cover all of the bank refinancing for the rest of this year and for next year, 2024. I just want to ask, is there anything that's left on that? I know you have some bonds outstanding next year, not a lot. Do you plan to pay that just from your operating cash flow? Thank you. Thank you for your question, Anne. For the first part of your question, I will give the floor to Reinaldo Wences from the PEMEX Industrial Transformation team. Hi there. Thank you very much. Hope things are okay over there. Look, regarding our Tula and our Salina Cruz projects, the following update: with respect to the overall progress for the residual use project at Tula Refinery, we have an advance of 72.3%. The coker unit has an advance of 94%. The mechanical completion and start-up date plan is for the Q4 of 2024. The incremental production will be as follows: just above 4,000 bbl per day of jet fuel, 41,000 bbl per day of gasoline, and 78,000 bbl per day of diesel with low content of sulfur. We also have a lower production of fuel oil, and we'll be in line with all the regulations, compliances that we have to. We're also pulling in from the relatively nearby Salamanca Refinery, some of the residuals that are there so that they can be processed in this new plant in Tula. Now, with regard of Salina Cruz, the overall progress there with regard of the residual use project is 21.7%. Completion of the construction is scheduled for the Q3 of 2024, mechanical completion by the end of the Q2 of 2025, and stable operation of the facility is expected in October 2025. Now, the expected production is 127,000 bbl per day of gasoline. This would include both what we call PEMEX Magna and PEMEX Premium with quality for the rest of the country. That's between brackets, because for the, the major metropolis, we have a, a different quality of gasoline. So Salina Cruz will be helping the rest of the country. We also expect the production of 82,000 bbl per day of low-sulfur content diesel, 4,500 bbl per day of liquid gas, and almost 4 tons daily of coke. So, with that, I hope we've answered the first question. Thank you very much, Reinaldo. Hello, Anne. Alberto Jiménez here for the second part of the question. So the first part of the question is the bank refinancing. It's a refinancing of, at the most, $9.5 billion. We expect a reduction of that amount, but that's the total amount that we'll be refinancing. And about the bonds for this year, we have left $700 million of bonds maturing in December. And for next year, around 50% of the maturities are bonds. However, as it has been mentioned, we will cover those maturities and the rest of the maturities with government support that it's already on the budget. Thank you very much, Alberto. Thank you. One moment for our next question, please. All right, and our next question is from Eric Seeve with Golden Tree. Please proceed. Hey, guys. Thanks for the call. A few questions. First one, on the E&P side, can you give us a sense of where you expect production, both in terms of oil and on a BOE basis, to trend as we get to the end of the year and next year? One minute, please. Good morning. Our project is to reach around 1.9 MMbpd. Thank you. That's by year-end 2023, or what's the timeframe there? This is for the end of 2023, and we're expecting to maintain this level on 2024. Okay, great. Thank you. And, I know the formal budget's not out yet, but roughly what kind of CapEx does that production plan contemplate? Just ballpark. We're expecting to spend about MXN 250 billion or MXN 300 billion on this goal. Okay, that's, that's E&P CapEx only or total CapEx? No, this is the, this is E&P CapEx. Mm-hmm. Okay, great. Thank you. And then we know that, you know, we run kind of our own quick and dirty calculations here, and it looks like the operating expense per barrel of production increased quite a bit from Q2 into Q3. And just, I don't know if you have that at your fingertips, but I'm just curious what drove that and what we should expect going forward. One minute, please. Sorry, we recommend you that you reach the Investor Relations team in order to discuss about your specific question because this is a very specific number, and we have to discuss the way you reach that calculus. Understood. Mm-hmm. Thanks. Thanks, guys. I'll drop back. Thank you. Okay, thank you. Thank you. Thank you. One moment, please, for our next question. It comes from the line of Benjamin Najera with BBVA. Please proceed. Hello. Thank you for the presentation and for taking my question. I would like first to know about the maturity of an RCF loan for MXN 9 billion in the next, in the first week of November you have. The question is, is if you are going to renew it, and which will be the amount, or if it will be paid? And I also want to know what is the estimated reduction in the amount of the Jumbo Deal that you mentioned. Thank you. Yes, thank you for your question. About the RCF of MXN 9 billion that's maturing on November, we do not plan on refinancing, and it is because all of the efforts are on the Jumbo Deal of the U.S. dollar-denominated credit facilities. About the reduction, we are still in the syndication process, so it's too soon to say, but we'll keep you posted on that. Thank you. Thank you very much. Thank you. I would like to turn the call back to Carlos Cortez for final comments, as I don't see any further questions in queue. Well, thank you, Carmen. I will conclude by commenting that at PEMEX, we have put all our effort into reversing the negative inertia with which the current administration was received, in which operational performance and financial results registered a significant detriment. Well, as you could see, we can say that in the vast majority of the relevant indicators of PEMEX performance, there has been a change in direction. It has been possible to stabilize and increase proven reserves of the hydrocarbon production, crude oil processing, as well as the production and marketing of our oil products. There is also a positive accumulated net profit in our income statement, a solid generation of EBITDA, and lower debt balance. In this context, there is the decisive support from the federal government, which has contributed in these years with unprecedented support, and will continue to do, to do so in accordance with the measures considered in the Federal Income Law for 2024. We can say that the outlook for PEMEX is favorable. All that remains for me is to thank the audience for their interest in our results. And while taking into consideration that this will be the last conference from 2023, and that the one, the next one will be on, on, on 2024, although, although it may be seem a little early, we wish you a happy holidays and our best wishes for the next year. Thank you very much. Well, thank you so much, and thank you to our audience for participating. You may now disconnect.