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

Ajijic Crews Rush to Clear Trees After Sudden Storm

Ajijic Crews Rush to Clear Trees After Sudden Storm

Strong winds and rain knocked down trees and branches in Ajijic, blocking roads and prompting...
Mérida Tourism Shifts as Summer Break Starts Early

Mérida Tourism Shifts as Summer Break Starts Early

Mérida tourism officials are moving summer campaigns earlier after Yucatán’s school calendar changed, with families...
Ground fissures in Mexico City

Red tape stalls 32,000 Mexico City affordable homes

Only 300 to 400 of 32,000 planned affordable homes in Mexico City have entered construction...
Puerto Vallarta plans security operations in tourist zones and neighborhoods

Puerto Vallarta plans security operations in tourist zones and neighborhoods

Puerto Vallarta says it will add patrols, equipment and neighborhood communication before mass events and...