Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico 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

Carnival Panorama Brings 4,800 Cruise Visitors to Vallarta

Carnival Panorama Brings 4,800 Cruise Visitors to Vallarta

Carnival Panorama docked in Puerto Vallarta on Tuesday with more than 4,800 passengers as the...
Mexico Health Probe Finds Millions Paid to Paper Companies

Mexico Health Probe Finds Millions Paid to Paper Companies

An investigation found Mexican health agencies paid 361.5 million pesos to shell companies for supplies...
puerto vallarta fires

Atmospheric alert has been activated in Cabo Corrientes and Tomatlán due to wildfires

Jalisco activated an atmospheric alert in Cabo Corrientes and Tomatlán as wildfire smoke spread through...
T-MEC review starts as North America weighs its future

The T-MEC review and a quiet industrial policy fight

The T-MEC review isn’t just tariff talk. It’s a decision on where North America manufactures,...