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

Puerto Vallarta jet ski crash leaves one dead offshore

Puerto Vallarta jet ski crash leaves one dead offshore

Authorities are investigating after a 28-year-old died in a jet ski and boat collision off...

Puerto Vallarta raids net six arrests and 30 grenades

Federal forces raided properties in Puerto Vallarta, arresting six and seizing grenades, firearms, and drugs...

Puerto Vallarta water outage after Holy Week well failure

A power failure at Puerto Vallarta’s radial well disrupted three linked wells, drained key tanks,...

Puerto Vallarta tourist dies after banana-boat ride

A tourist from León died after a banana-boat ride in Puerto Vallarta. Authorities said the...