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

Rally Maya México confirms Cancún finish for 2026 tour

Rally Maya México confirms Cancún finish for 2026 tour

Rally Maya México announced its 2026 dates and five-stage route, starting in Palenque and ending...
Los Muertos Pier hosts free Valentine DJ set in PV

Los Muertos Pier hosts free Valentine DJ set in PV

Puerto Vallarta will light up Los Muertos Pier on Feb. 14 with a free electronic...
Mexico withholding tax shakes real-estate crowdfunding

Mexico withholding tax shakes real-estate crowdfunding

Mexico’s 2026 tax rules force real-estate crowdfunding platforms to withhold 20%–35% on returns, complicating investing...
Mexico Real Estate Embraces AI Amid Capital Squeeze

Mexico Real Estate Embraces AI Amid Capital Squeeze

Mexico’s real estate developers grapple with pricier loans and shorter timelines. They’re embracing AI and...