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

Olas Altas Beach stands under a red flag

Rough Seas Continue to Prompt Red Flags at Most Puerto Vallarta Beaches

Nearly all Puerto Vallarta beaches are under red flag warnings due to high surf and...
World Cup 2026 Fan Fest plans include Puerto Vallarta

World Cup 2026 Fan Fest plans include Puerto Vallarta

Guadalajara outlines a 39-day World Cup Fan Fest while Puerto Vallarta prepares oceanfront public viewings,...
Profeco sees fewer consumer complaints filed in Puerto Vallarta

Profeco sees fewer consumer complaints filed in Puerto Vallarta

Profeco says holiday complaints at Puerto Vallarta Airport fell to two, both over Volaris delays,...
Mexico Ships 814 Tons of Aid to Cuba Amid U.S. Pressure

Mexico Ships 814 Tons of Aid to Cuba Amid U.S. Pressure

Mexico sent two Navy ships carrying 814 tons of food and supplies to Cuba, reaffirming...