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

Playa del Carmen Braces for Heavier Sargassum Season

Playa del Carmen Braces for Heavier Sargassum Season

Playa del Carmen is receiving the largest Navy sargassum crew deployment in Quintana Roo as...
Cabo Residents Protest After Over a Month Without Water

Cabo Residents Protest After Over a Month Without Water

Cabo San Lucas residents protested after weeks without reliable water, citing high bills, water-truck costs...
Puerto Vallarta gets World Cup Fan Fest and concert

Mexico named the most expensive World Cup team for fans to follow

A resale-market estimate says following Mexico through the World Cup could cost $70,508, driven by...
CDMX Police App Adds Gender Violence Help for LGBT Victims

CDMX Police App Adds Gender Violence Help for LGBT Victims

Mexico City’s Mi Policía app now connects users to gender violence support, including help for...