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

Mexican universities face 50bn peso deficit in 2026

Mexican universities face 50bn peso deficit in 2026

ANUIES warns Mexico's 2026 budget won't match inflation, widening a 50.4bn-peso deficit and squeezing public...
Quintana Roo earthquake

4.4 magnitude earthquake was recorded off the north coast of Puerto Vallarta

A shallow 4.4 quake struck north of Cabo Corrientes at 7:18 a.m., lightly felt in...
World Bank warns this decade is weakest growth since 1960

World Bank warns this decade is weakest growth since 1960

World Bank projections say the 2020s may be the slowest growth decade since 1960, leaving...
puerto vallarta potholes

Puerto Vallarta pothole repair plan set for Jan–Mar

Mayor Luis Ernesto Munguía says a citywide pothole master plan, with monthly priorities for Jan–Mar,...