Home / Business and Economy / Slim to Invest $5B, Avoids New Oil Deals
Slim to Invest $5B, Avoids New Oil Deals
27 May
Summary
- Carlos Slim plans to invest $5 billion this year.
- He will avoid new ventures with the oil driller.
- Slim is not exploring any fracking projects currently.
Mexican billionaire Carlos Slim is preparing to invest around $5 billion within the current year. The 86-year-old chairman emeritus of Grupo Carso made the announcement on Tuesday.
Slim's investment strategy for this period will notably exclude new ventures with the state-owned oil driller, Petroleos Mexicanos. He clarified that he is not exploring any fracking projects. Furthermore, Slim indicated he is not looking to establish new partnerships or projects related to oil exploration.
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