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

Super El Niño Risk Raises Pacific Hurricane Concern

Super El Niño Risk Raises Pacific Hurricane Concern

UNAM warns a possible strong El Niño in 2026–2027 could deepen drought, fuel extreme rain,...
Recovered Maya Lintel Sparks Mexico-Guatemala Dispute

Recovered Maya Lintel Sparks Mexico Guatemala Dispute

A recovered Maya lintel in New York is now at the center of a Mexico...
Rocha Indictment Puts Sheinbaum in a Political Bind

Rocha Indictment Puts Sheinbaum in a Political Bind

A U.S. indictment accusing Sinaloa Gov. Rubén Rocha of cartel ties tests Mexico’s courts, sovereignty...
Acapulco Tianguis Ends With Billion Peso Tourism Boost

Acapulco Tianguis Ends With Billion Peso Tourism Boost

Tianguis Turístico closed in Acapulco with 64,000 meetings and more than 1 billion pesos in...