Puerto Vallarta News

Puerto Vallarta News

Mexico to Start Oil Auctions in Early 2015

The Mexican government expects to hold the first auctions of oil fields for private investors in the first half of 2015, officials said.

High-level officials met with foreign correspondents on Tuesday to discuss the implementing regulations for the constitutional reforms approved last December to overhaul the energy industry.

Congress plans to review the laws to implement the reforms next month and “round one” of bidding is expected to take place in the first half of next year, Energy Undersecretary for Hydrocarbons Lourdes Melgar said.

State-owned oil giant Petroleos Mexicanos, or Pemex, is expected to identify the areas it . . .

Read Full Story

Related Posts

Vallarta residents threaten to dump trash at City Hall

Vallarta residents threaten to dump trash at City Hall

Red Ambiental cut some garbage routes over unpaid bills, and angry Vallarta residents threatened to...
Zapotec Tomb Found in Oaxaca Sheds Light on Ancient Culture

Zapotec Tomb Found in Oaxaca Sheds Light on Ancient Culture

A 1,400-year-old Zapotec tomb uncovered in Oaxaca is well-preserved with murals and carvings, shedding new...
White pelicans return to Texcoco after 15-year absence

White pelicans return to Texcoco after 15-year absence

After 15 years, American white pelicans return to Texcoco’s restored wetlands, a sign Lake Texcoco’s...

National Guard Protects Monarch Butterfly Sanctuary

Mexico has stationed 300 National Guard members in the Monarch Butterfly Biosphere Reserve, teaming with...