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

Puerto Vallarta Keeps Billboards Off Its Skyline Again

Puerto Vallarta Keeps Billboards Off Its Skyline Again

State and city officials say Puerto Vallarta will keep billboard-style ads out, renewing a fight...
Eight-Car Crash Snarls Puerto Vallarta Airport Route

Eight-Car Crash Snarls Puerto Vallarta Airport Route

An eight-car crash near Puerto Vallarta airport closed lanes, delayed travelers, and exposed how fragile...

Lake Chapala and Ajijic Week in Review: What Residents Need to Know

Ajijic and Lake Chapala saw movement on cable work, transit, tourism, lake levels, sports, health...
Cancun beach restoration

Cancún Week in Review: What Residents Need to Know

Cancún’s week brought anniversary events, bridge updates, planning debates, health investments, sargassum prep and public...