By KELIN DILLON Though Mexican President Andrés Manuel López Obrador’s (AMLO) under construction Dos Bocas refinery maintains its planned July 1, 2022, launch date, new reports reveal the crude oil processing plant will take more than a year to operate at full capacity, which is anticipated to occur in September of 2023. As per López Obrador’s schedule, the full operations
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By KELIN DILLON Early in the morning of Wednesday, Oct. 27, Mexico’s Senate approved the country’s new Income Package for 2022 in a 66 to 44 vote, without making any changes to the initiative. Though opposition parties presented more than 400 potential issues with the initiative, majority senators from the in-power National Regeneration Movement (Morena) rejected their reservations one-by-one. The
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By THE PULSE NEWS STAFF Mexico’s low-grade, sour crude oil hit an 18-year low on Tuesday, March 17, selling at just $18.78 a barrel, down from $24.18 a barrel on Friday, March 13, the last time that the state-run oil company Petróleos Mexicanos (Pemex) published data since Monday, March 16, was a national holiday. The last time Mexican oil sold
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By RICARDO CASTILLO For a “misunderstanding,” the initiation of the construction of the Dos Bocas port refinery was surely a noisy one. But then, it only helps to deepen the polarization of Mexican President Andrés Manuel López Obrador (AMLO) and his multiple detractors, mainly international rating companies concerned about the state-run oil company Petróleos Mexicanos’ (Pemex) huge debt of $95.6
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By THE PULSE NEWS MEXICO STAFF As part of his plan to make Mexico more economically solvent and reduce the national debt, newly instated President Andrés Manuel López Obrador (AMLO) said Saturday, Dec.15, that he will boost the country’s crude oil production by 45 percent by the year 2025. Speaking before a crowd of supporters in the oil-rich city of
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