Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

It’s official, Mexico’s Oil is Open to Private Investment and Exploration

President Enrique Pena Nieto signed into law on Monday new rules governing a historic opening of Mexico's state-run oil, gas and electricity industries to foreign and private companies.

Pena Nieto said the government will let potential investors know by Wednesday which blocks of gas and oil fields will be open for them. The state-owned oil company, Petroleos Mexicanos, or Pemex, has the right under the new rules to take first dibs and set aside some fields for itself. Pena Nieto said those set-asides will also be made public Wednesday.

The president also promised to start putting . . .

Read Full Story

Related Posts

Mexico pilots HIV self-testing amid stigma concerns

Mexico pilots HIV self-testing amid stigma concerns

Mexico will test a discreet HIV self-testing model aimed at cutting stigma, speeding diagnosis, and...
Carnival Panorama Brings 4,800 Cruise Visitors to Vallarta

Carnival Panorama Brings 4,800 Cruise Visitors to Vallarta

Carnival Panorama docked in Puerto Vallarta on Tuesday with more than 4,800 passengers as the...
Mexico Health Probe Finds Millions Paid to Paper Companies

Mexico Health Probe Finds Millions Paid to Paper Companies

An investigation found Mexican health agencies paid 361.5 million pesos to shell companies for supplies...
puerto vallarta fires

Atmospheric alert has been activated in Cabo Corrientes and Tomatlán due to wildfires

Jalisco activated an atmospheric alert in Cabo Corrientes and Tomatlán as wildfire smoke spread through...