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

morning coffee news

Puerto Vallarta Morning Coffee News for Tuesday, March 24

Your March 24 Puerto Vallarta briefing on cruise traffic, roadworks, weather, health updates, and the...
Semarnat Clears 926-Room Resort North of Playa del Carmen

Semarnat Clears 926-Room Resort North of Playa del Carmen

Federal approval for a 926-room resort north of Playa del Carmen revives questions about growth,...
Playa del Carmen readies for a heavier sargassum season

Playa del Carmen readies for a heavier sargassum season

Playa del Carmen may need temporary cleanup workers this summer as rising sargassum tests beach...

Los Cabos quake triggers checks in San José del Cabo

A 4.1 quake near San José del Cabo was felt across Los Cabos, prompting damage...