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

AMPI says Mexico’s fractional housing needs rules now

AMPI says Mexico’s fractional housing needs rules now

AMPI says fractional housing may widen property access in Mexico, but weak rules and uneven...
Mexico’s lower house backs National Xoloitzcuintle Day

Mexico’s lower house backs National Xoloitzcuintle Day

Mexico’s lower house approved October 27 as National Xoloitzcuintle Day, recognizing the breed’s cultural role...

UNAM San Miguel readies arts and humanities festival

UNAM San Miguel will host a five-day festival from April 20 to 24, mixing free...
TikTok job offer led Jalisco teens into alleged cartel trap

TikTok job offer led Jalisco teens into alleged cartel trap

Two teenagers in Jalisco were rescued after an alleged TikTok job offer, renewing concern over...