Puerto Vallarta News

Puerto Vallarta News

Pemex expects to be on solid financial ground in 2019

Petroleos Mexicanos chief executive Jose Antonio Gonzalez Anaya presented the company's five-year strategic plan Thursday and says its finances are stable but could be improved. He says the company's 2015 debts have been paid.

The company known as Pemex is a major revenue generator for Mexico's government. It's been pummeled by falling oil prices and gasoline thefts while adjusting to historic reforms that allow private companies to invest in Mexico's oil and gas exploration to aid flagging production.

In April, the government announced $4 billion in aid for the company. In February, the company . . .

Read Full Story

Related Posts

airport drill

Jalisco winter tourism rises and Vallarta gains 4%

Jalisco drew about 1.6M winter-holiday tourists, up 4%. Puerto Vallarta also rose 4% as new...
Mexican peso strengthens

Peso strengthens as Fed chair probe hits the dollar

The peso firmed near 17.9 per dollar as a criminal probe involving Fed Chair Jerome...
BCS rent regulation

Mexico City renting 2026 rules reshaping the market

Mexico City rentals in 2026 face inflation-capped hikes, one-month deposits, contract registration, and protections for...
Mexico earns Guinness record for largest embroidery show

Mexico earns Guinness record for largest embroidery show

Mexico set a Guinness World Records mark at Los Pinos with 3,106 embroidered and textile...