Puerto Vallarta News

Puerto Vallarta 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

Tren Interoceánico

Interoceanic Train crash rattles investors in Mexico

After a deadly derailment, the Interoceanic Train crash is cooling corporate interest and raising questions...
Mexico housing prices

Mexico housing prices rise as World Cup pressure builds

Home prices jumped up to 10% in a year, and World Cup projects plus tourism...
San Miguel rural investment

San Miguel rural investment shifts to communities in 2026

Mayor Mauricio Trejo says San Miguel will steer up to 400M pesos and about 70%...
playa del carmen sargassum

Out-of-season sargassum patch dumped 25 tons in Playa del Carmen

An out-of-season sargassum patch dumped about 25 tons in Playa del Carmen, prompting a ZOFEMAT...