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

Los Cabos Adds More May Recycling Drop Off Days

Los Cabos Adds More May Recycling Drop Off Days

Los Cabos will hold May recycling drop-off days in Cabo San Lucas and San José...
Mérida Power Outages Leave Small Shops Counting Losses

Mérida Power Outages Leave Small Shops Counting Losses

Small Mérida retailers say blackouts and extreme heat spoiled frozen and perishable goods as demand...
Possible Maya altar found during Tren Maya cargo works in Yucatán

Possible Maya altar found during Tren Maya cargo works in Yucatán

Archaeologists in Yucatán identified a possible Maya altar and offering during Tren Maya cargo rail...
After Animalandia Raid, Big Cats and Primates Recover

After Animalandia Raid, Big Cats and Primates Recover

Six big cats and 10 primates rescued from Animalandia Maya remain in quarantine and specialized...