Puerto Vallarta News

Puerto Vallarta 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

Cabo bike zipline

Cabo bike zipline claims Guinness record at 339 meters

Cactus Tours says its Sky Bikes ride in Cabo San Lucas is now Guinness-certified at...
puerto vallarta airport

Puerto Vallarta flights to San Diego and St. Louis in 2026

Puerto Vallarta flights to San Diego and St. Louis start in March 2026, adding new...
Puerto Vallarta New Year

Puerto Vallarta New Year party lights up the Malecón

Puerto Vallarta New Year festivities return to the Malecón on Dec. 31 with mariachi, cumbia,...
Tren Interoceánico

Interoceanic train derailment leaves 13 dead in Oaxaca

Interoceanic train derailment in Oaxaca left 13 dead and 109 injured. Officials say 44 remain...