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 maps storm plans before rains arrive

Puerto Vallarta installs storm council before rainy season

Puerto Vallarta installed its Civil Protection council to coordinate shelters, evacuation routes and storm response...
Mexico Sends Another Aid Ship to Cuba Amid Pressure

Mexico Sends Another Aid Ship to Cuba Amid Pressure

Mexico confirmed another humanitarian aid ship for Cuba as Sheinbaum renewed opposition to the U.S....
EU Trade Pact With Mexico Moves Closer to Approval

EU Trade Pact With Mexico Moves Closer to Approval

EU countries approved the next step for a modernized Mexico pact covering trade, security, climate,...
Five Wild Axolotls Found in Mexico City Wetland

Altiplano axolotl found again in protected Mexico City wetland

Five Altiplano axolotls were found in Lago Tláhuac-Xico, giving conservation teams new data on a...