Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico’s Oil And Gas Industry Is Open To Foreign Investment For The First Time In Over 75 Years

Mexico's Senate has approved legislation to implement historic constitutional reform that would open the country's oil and gas industry to foreign investment for the first time since 1938.
In an 85-26 vote, lawmakers passed the last of four packages of laws Monday to end the monopoly held by state oil company Pemex for 75 years in the exploration and exploitation of energy resources.

The Chamber of Deputies must now vote on the measures, which the leftist opposition had tried to modify.

President Enrique Pena Nieto hailed the marathon voting that began Thursday as an example of Mexico . . .

Read Full Story

Related Posts

Mexico gun swap campaign

Mexico gun swap campaign steers children away from gun culture

Mexico’s disarmament campaign is drawing attention not only for weapons turned in, but for its...
Meta Says It Removed 40,000 Cartel Accounts in Mexico

Meta Says It Removed 40,000 Cartel Accounts in Mexico

Meta says Mexican cartels used its apps for recruitment, extortion and fraud, and that it...
Norwegian Bliss Arrival Boosts Puerto Vallarta Tourism

Norwegian Bliss Arrival Boosts Puerto Vallarta Tourism

Norwegian Bliss docked in Puerto Vallarta on Wednesday, bringing thousands of cruise visitors and adding...
Groups of spring breakers were redirected from Puerto Vallarta to Los Cabos

Groups of spring breakers were redirected from Puerto Vallarta to Los Cabos

Agency-run spring break groups shifted from Puerto Vallarta to Los Cabos after February violence, showing...