Puerto Vallarta News

Puerto Vallarta News

Mexico’s Pemex destroyed resources worth $342 million from two top fields

MEXICO CITY, Jan 18 (Reuters) - Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years up to August 2022 at two of its most important new fields, internal documents from the country's oil regulator showed.

The three documents, produced by the regulator and dated August 2022, detail how Pemex (PEMX.UL) destroyed resources worth $275 million from the Ixachi field in three years and $67 million from the Quesqui field in two years.

To calculate the value, the regulator used prices from non-public contracts . . .

Read Full Story

Related Posts

Milpa Alta forest guardians protect Mexico City’s green lung

Milpa Alta forest guardians protect Mexico City’s green lung

In Milpa Alta on Mexico City’s outskirts, a 12-man volunteer team patrols 1,500 hectares of...
Islas Marías Draws Only 80 Tourists a Week as Costs Double

Islas Marías Draws Only 80 Tourists a Week as Costs Double

Mexico’s remote Islas Marías now draws only 80 tourists a week. Price hikes over three...
Spain–Guanajuato flight to spur 20% rise in tourism

Spain–Guanajuato flight to spur 20% rise in tourism

A new direct flight linking Madrid and Guanajuato is expected to boost Spanish tourism by...
San Miguel de Allende to host Forever Wedding Summit 2026

San Miguel de Allende to host Forever Wedding Summit 2026

San Miguel de Allende will host Latin America’s top wedding industry summit in 2026, a...