The state-owned oil company highlighted that Mexico’s potential energy transition could see the nation phase out its hydrocarbon subsidies and halter Pemex’s ability to seek out and develop new oil deposits.
Read more
The move comes as the price of crude oil is projected to increase to $88 per barrel in 2024
Read more
Mexican President Andrés Manuel López Obrador also confirmed that the Pemex refinery will begin production at the beginning of April
Read more
Approximately 99 percent of Dos Bocas’ 201 contracts were made public with the actual sum awarded to its contractors censored
Read more
In a six-to-five vote, Mexico’s highest court declared the presidential decree illegal and invalid
Read more
As a result of the railways expropriation, Grupo México shares on the Mexican Stock Exchange (BMV) fell by 4.29 percent
Read more
Dos Bocas originally received 46.2 billion pesos in the construction budget for the year 2019, 45.5 billion pesos in 2020, 113.7 billion pesos in 2021 and 60.9 billion pesos in 2022, with an additional 47.2 billion pesos now allotted to the project for 2023
Read more
“Liberal democracy in Mexico is under assault. Worse, the attacker is the country’s own president, Andrés Manuel López Obrador,” the article said.
Read more
AMLO came to Sheinbaum’s defense during his daily morning press conference, claiming the “vultures are circling” around the Mexico City mayor in the wake of Saturday’s tragic accident
Read more
By KELIN DILLON According to the new 2023-2027 Business Plan Report presented by Mexico’s state-owned oil company Petróleos Mexicanos (Pemex), Pemex must pay back more than $16.7 billion in debt amortizations before the end of Mexican President Andrés Manuel López Obrador’s (AMLO) six-year term, which is set to end in 2024. The report revealed that Pemex was able to put
Read more