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

Puerto Vallarta warned of waves up to two meters

Puerto Vallarta warned of waves up to two meters

Puerto Vallarta faces elevated surf, heat and wind as forecasters warn of waves up to...
QR-code drug ads appear on public infrastructure

Drug sales advertised by QR code in Puerto Vallarta

QR-code stickers offering drug contacts have appeared on public posts in Puerto Vallarta, raising safety...
Cancún officials warn Laguna ABC is not safe after teen drowns

Cancún officials warn Laguna ABC is not safe after teen drowns

Cancún officials warned Laguna ABC is not safe for recreation after a teen drowned at...
Yucatán Heat Raises Pet Heatstroke Risks Above 40C

Yucatán Heat Raises Pet Heatstroke Risks Above 40C

Veterinarians in Yucatán warn that dogs and cats face heatstroke risks as temperatures climb above...