Mexican Supreme Court Blocks AMLO’s Express Permits for Flagship Projects
In a six-to-five vote, Mexico’s highest court declared the presidential decree illegal and invalid
Read moreTag Archives: Dos Bocas
AMLO Administration Expropriates Private Railroads from Grupo México
As a result of the railways expropriation, Grupo México shares on the Mexican Stock Exchange (BMV) fell by 4.29 percent
Read moreMexico Pumps Another 47 Million Pesos into Dos Bocas
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 moreThe Atlantic Calls AMLO ‘The Autocrat Next Door’
“Liberal democracy in Mexico is under assault. Worse, the attacker is the country’s own president, Andrés Manuel López Obrador,” the article said.
Read moreLine 3 Metro Crash Fallout Lands Squarely on Sheinbaum’s Shoulders
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 morePemex Liable to Pay $16.7 Billion in Debt before End of 2024
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 morePemex’s Oil-Refining Operations Lose Millions of Pesos per Hour
By KELIN DILLON As Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) continues to bet big on its crude oil refining future through its controversial under-construction Dos Bocas refinery and its official acquisition of the Texan Deer Park refinery at the beginning of 2022, Pemex has seemed to have dealt itself a losing hand. According to new data, Pemex’s refining operations
Read morePemex Officials under Investigation for Bribery, Embezzlement
By KELIN DILLON On Wednesday, Sept. 28, it came to light that three officials from Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) were reported to the Secretariat of Public Administration (SFP) and Attorney General of the Republic (FGR) for allegedly accepting bribes in exchange for valuable contracts, favoring certain suppliers over others, and putting the overall quality of Mexican gasoline
Read moreMexico Continually Fails to Meet Oil Performance Goals
By KELIN DILLON As Mexico continues to put focus on its home-grown oil assets as part of President Andrés Manuel López Obrador’s (AMLO) initiative for the nation’s energy self-sufficiency, which has included investments such as the costly construction of the Dos Bocas crude oil refinery in Tabasco, Mexico continues to move away from meeting its annual oil production goals —
Read moreThe Mexican Treasury’s Capricious Dolling out of Fines
OPINION By THÉRÈSE MARGOLIS There is no accounting for how Mexico’s Treasury Secretariat’s (Hacienda) Tax Administration Service (SAT) decides who to prosecute and who to let slide, other than the fact that, like all government offices directly under Andrés Manuel López Obrador (AMLO), it takes its orders from the president. On Friday, July 29, the SAT notified the internationally disgraced
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