Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico 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

Cancún officials warn Laguna ABC is not safe after teen drowns

Cancún officials warn Laguna ABC is not safe after teen drowns

Cancún officials warned Laguna ABC is not safe for recreation after a teen drowned at...
Yucatán Heat Raises Pet Heatstroke Risks Above 40C

Yucatán Heat Raises Pet Heatstroke Risks Above 40C

Veterinarians in Yucatán warn that dogs and cats face heatstroke risks as temperatures climb above...
Panchito Crocodile Bites Tourist at Tulum Casa Cenote

Panchito Crocodile Bites Tourist at Tulum Casa Cenote

A 75-year-old French tourist was taken to a hospital after a crocodile bite at Casa...
San Miguel Agave Tours Offer a Deeper Look at Mexico

San Miguel Agave Tours Offer a Deeper Look at Mexico

San Miguel’s Charco del Ingenio will host agave tours May 16, linking local plants with...