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

Spiritual Film Festival Heads to Chapala and Ajijic

Spiritual Film Festival Heads to Chapala and Ajijic

FICES 2026 will bring screenings, talks, and community dialogue to Chapala and Ajijic, adding a...
Sheinbaum Defends USMCA as Inflation Pressures Rise

Sheinbaum Defends USMCA as Inflation Pressures Rise

Sheinbaum acknowledged rising produce prices, pushed a broader anti-inflation response, and argued Mexico still benefits...

Baja California Sur nears top of basket price list

Profeco’s late-March comparison put Baja California Sur near the top of Mexico’s basic basket rankings,...
Cancún Dolphin Claim Draws New Scrutiny From Profepa

Profepa says dolphins in Cancún were not abandoned

Profepa says nine dolphins at Ventura Park in Cancún remain under veterinary care and state...