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

Mexico Remittances Fall After 11-Year Growth Streak

Mexico Remittances Fall After 11-Year Growth Streak

Remittances to Mexico dipped in 2025, ending 11 years of growth as U.S. economic risks...
Milpa Alta forest guardians protect Mexico City’s green lung

Milpa Alta forest guardians protect Mexico City’s green lung

In Milpa Alta on Mexico City’s outskirts, a 12-man volunteer team patrols 1,500 hectares of...
Islas Marías Draws Only 80 Tourists a Week as Costs Double

Islas Marías Draws Only 80 Tourists a Week as Costs Double

Mexico’s remote Islas Marías now draws only 80 tourists a week. Price hikes over three...