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

Communities reject developer proposal at Playa Las Cocinas in Nayarit

Communities reject developer proposal at Playa Las Cocinas in Nayarit

Communities in Punta de Mita reject a five-meter proposal and seek 20 meters of recovered...

CJNG Succession Narrows After the Fall of El Mencho and El Jardinero

Federal officials now see El 03 and El Sapo as priority CJNG targets after El...
Mexico Tourism Faces 2026 Security and Travel Cost Risks

Mexico Tourism Faces 2026 Security and Travel Cost Risks

Tourism analysts warn insecurity, weak promotion, visa barriers and higher visitor fees could limit Mexico’s...
Mexico’s AI assembly boom ties Taiwan to U.S. demand

Mexico’s AI assembly boom ties Taiwan to U.S. demand

UBS says Mexico is gaining from AI hardware demand as Taiwanese firms assemble components for...