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

Monterrey Adds Robot Dogs to 2026 World Cup Security Plan

Monterrey Adds Robot Dogs to 2026 World Cup Security Plan

Guadalupe, Nuevo León has unveiled four K9-X robotic dogs to patrol Monterrey’s Estadio BBVA during...
Mexico City Lawmakers Unveil Sweeping LGBTQ+ Rights Package

Mexico City Lawmakers Unveil Sweeping LGBTQ+ Rights Package

Mexico City lawmakers unveiled a legislative package to bolster LGBTQ+ rights, targeting hate speech, inclusive...
Cancún airport processing

Cancún Airport Cuts Wait Times, Eyes Cheaper Ground Transport

Quintana Roo’s governor is driving improvements at Cancún Airport to cut immigration and baggage wait...
Self-Building in Mexico Can Take 20 Years and 30% Extra Cost

Self-Building in Mexico Can Take 20 Years and 30% Extra Cost

Building a house slowly might seem budget-friendly. In Mexico, it often stretches out for decades...