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

CIA agents entered Chihuahua without formal accreditation

CIA agents entered Chihuahua without formal accreditation

Mexico says two CIA agents in a Chihuahua operation lacked formal authorization, raising legal questions...
Tianguis Turístico puts Acapulco’s comeback on show

San Miguel Gets Spotlight in Guanajuato Tourism Push

San Miguel de Allende is among 13 Guanajuato municipalities being promoted at Tianguis Turístico 2026...
Puerto Vallarta police

Los Cabos Police Hiring Push Signals Growth Strain

Los Cabos plans to add 60 to 70 police officers a year as population growth...
Mérida Stays Just Outside Mexico’s Safety Top 10

Mérida Stays Just Outside Mexico’s Safety Top 10

Mérida’s perceived insecurity fell to 33.7%, but the city remained just outside Mexico’s top 10...