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 Morning Briefing March 6 Daily Update

Puerto Vallarta Sets 108th Anniversary Weekend Plans

Puerto Vallarta’s 108th anniversary program runs May 29–31 with civic acts, performances, fireworks and public...
Why Mexico Still Struggles to Keep Lights and Water Running

Why Mexico Still Struggles to Keep Lights and Water Running

Mexico’s power and water problems come from aging networks, fast demand growth, drought, uneven investment,...
Puerto Vallarta’s new airport terminal is 71% complete

Puerto Vallarta’s new airport terminal is 71% complete

Puerto Vallarta’s new airport terminal is 71% complete, with civil construction due this year and...

Puerto Vallarta Water Cut to Hit Five Areas Thursday

SEAPAL scheduled a six-hour water suspension Thursday for five Puerto Vallarta areas while crews connect...