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

Mexico Homebuilders Hit 2025 Sales High as Credit Eases

Mexico Homebuilders Hit 2025 Sales High as Credit Eases

Mexico’s listed homebuilders posted standout 2025 sales as financing improved, but weak supply still leaves...
Puerto Vallarta Lands Big Share of Velas 2026 Plan

Puerto Vallarta Lands Big Share of Velas 2026 Plan

Velas Resorts will invest $135 million across Mexico in 2026, with Puerto Vallarta and Casa...

Security chief says CJNG was weakened after El Mencho’s death but operations continue

Mexico’s security chief says CJNG has been weakened since El Mencho’s death, but federal operations...
Mexicans-Eat-66-Kilos-of-Tortillas-a-Year

What Tortilla Consumption Still Reveals About Mexico

An official tortilla benchmark reveals more than demand. It shows how a daily staple still...