Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

It’s official, Mexico’s Oil is Open to Private Investment and Exploration

President Enrique Pena Nieto signed into law on Monday new rules governing a historic opening of Mexico's state-run oil, gas and electricity industries to foreign and private companies.

Pena Nieto said the government will let potential investors know by Wednesday which blocks of gas and oil fields will be open for them. The state-owned oil company, Petroleos Mexicanos, or Pemex, has the right under the new rules to take first dibs and set aside some fields for itself. Pena Nieto said those set-asides will also be made public Wednesday.

The president also promised to start putting . . .

Read Full Story

Related Posts

Cancún Police Certification Plan Seeks Public Trust

Cancún Police Certification Plan Seeks Public Trust

Cancún is advancing a police certification process focused on training, protocols, oversight and professional standards.
Posadas Plans 1,000 Rooms for Riviera Cancún

Posadas Plans 1,000 Rooms for Riviera Cancún

Grupo Posadas plans a 1,000-room Riviera Cancún complex, adding another major resort project to Mexico’s...
New Community Centers Coming to Mérida and Kanasín

New Community Centers Coming to Mérida and Kanasín

Mérida and Kanasín will receive México Imparable centers for youth sports, arts, health services and...
LGBT Housing Demand Sparks Clash Outside Mexico City INVI

LGBT Housing Demand Sparks Clash Outside Mexico City INVI

A homeless LGBT+ collective says members were attacked outside Mexico City’s housing agency, deepening a...