Puerto Vallarta News

Puerto Vallarta News

Mexico’s president-elect says the country will stop exporting oil

The president-elect of Mexico, Andrés Manuel López Obrador, said today that the country will only extract the oil it requires to satisfy domestic consumption and that it will stop exporting this resource abroad.

"Mexico is no longer going to sell, in the medium term, crude oil abroad; We want to process all our raw material," said the leftist politician at a conference held in the southern state of Tabasco.

López Obrador said that his government will not aspire to "extract a lot of oil," because "that is an inheritance that must be left to the new . . .

Read Full Story

Related Posts

Mexican New Year rituals

Mexican New Year rituals that set the tone for 2026

From grapes and colored underwear to suitcases and lentils, these Mexican New Year rituals are...
Day of the Innocents

Day of the Innocents 2025: Meaning and date in Mexico

Day of the Innocents lands on Dec. 28, 2025. It began as a Catholic remembrance...
Mahahual palapa fire

Mahahual palapa fire leaves Costa Maya businesses reeling

Suspected arson in Mahahual destroyed about 250 beach palapas before dawn. A man was arrested...
Cancún taxi fares

Cancún taxi fares spike as some rides hit 500 pesos

Cancún taxi fares are drawing fresh complaints as locals report holiday surcharges, short trips priced...