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

punta laguna

Two Maya communities move closer to a seat at Playa del Carmen City Hall

After INPI recognition, Punta Laguna and Hidalgo y Cortés will choose delegates, gaining a formal...
Los Cabos paving 2026

Los Cabos maps out 2026 paving for key city corridors

FOIS and the city plan paving on Tarascos, Mantarraya, Zaragoza and key San José corridors,...
dating app kidnapping

Dating app kidnapping case brings three arrests in Los Cabos

Prosecutors in Los Cabos say three men lured a victim via a dating app, held...
Estero El Salado

Estero El Salado is Puerto Vallarta’s hidden oasis

Inside Puerto Vallarta's hotel zone, Estero El Salado protects mangroves, birds, and crocodiles—proof the city...