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

puerto vallarta plan

Puerto Vallarta holiday boom draws 315,000 visitors

Puerto Vallarta drew 315,000+ holiday visitors, generating 2.241B pesos and 87% average hotel occupancy, outpacing...
Three Kings parade

Three Kings parade brings San Miguel streets to life

San Miguel’s Cabalgata de Reyes Magos set off at 4:30 pm from El Cardo, ending...
San Miguel hair donations

San Miguel hair donations give cancer patients new wigs

San Miguel residents are cutting and donating hair to make wigs for women and girls...
Cabo January film series

Cabo January film series returns with weekly screenings

Cinema Vagabundo’s January slate in Cabo San Lucas runs every Thursday at Cerrito del Timbre,...