Puerto Vallarta News

Puerto Vallarta News

Scotiabank expects to finance $10 bn in energy projects in Mexico

Canadian banking giant Scotiabank plans to finance oil industry projects worth $10 billion in Mexico over the next four years, a high-level executive said.

Oil giants BP and ExxonMobil are among the companies interested in developing projects in the Gulf of Mexico, Scotiabank's Latin America director, Paul D'Agata, told Efe.

A large number of mid-sized firms will participate in the huge oil projects, D'Agata, who attended the 77th Mexican Bankers Association, or ABM, annual convention in the Pacific resort city of Acapulco, said.

Scotiabank has provided financing for some of the world's largest companies . . .

Read Full Story

Related Posts

Milpa Alta forest guardians protect Mexico City’s green lung

Milpa Alta forest guardians protect Mexico City’s green lung

In Milpa Alta on Mexico City’s outskirts, a 12-man volunteer team patrols 1,500 hectares of...
Islas Marías Draws Only 80 Tourists a Week as Costs Double

Islas Marías Draws Only 80 Tourists a Week as Costs Double

Mexico’s remote Islas Marías now draws only 80 tourists a week. Price hikes over three...
Spain–Guanajuato flight to spur 20% rise in tourism

Spain–Guanajuato flight to spur 20% rise in tourism

A new direct flight linking Madrid and Guanajuato is expected to boost Spanish tourism by...
San Miguel de Allende to host Forever Wedding Summit 2026

San Miguel de Allende to host Forever Wedding Summit 2026

San Miguel de Allende will host Latin America’s top wedding industry summit in 2026, a...