Puerto Vallarta News

Puerto Vallarta 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

canada mexico warning

Canada issues Mexico travel advisory as Canadians keep coming

Canada Mexico travel advisory urges caution in 13 states even as Canadian arrivals grow, pushing...
Mexican peso exchange rate

Mexican peso exchange rate weakens on Fed data fears

The Mexican peso exchange rate slipped after the long weekend as investors turned cautious ahead...
Purépecha communities under siege

Purépecha communities under siege amid brutal cartel war

Purépecha communities under siege describe living between rival cartels and an absent state, as new...
Quintana Roo hotel occupancy

Quintana Roo hotel occupancy slide fuels anger at Sheinbaum

Quintana Roo hotel occupancy drop sparks clash with Sheinbaum as hoteliers blame weak federal tourism...