By THE PULSE NEWS MEXICO STAFF London’s esteemed Financial Times (FT) newspaper on Sunday, March 6, called on Mexican President Andrés Manuel López Obrador (AMLO) to “learn from his mistakes” and “to rethink his policies” that are dragging the country back to the 1960s. “López Obrador was famous for defying political gravity,” the world’s leading business publication said in an
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By THE PULSE NEWS MEXICO STAFF The cost of Mexico’s Dos Bocas refinery — one of President Andrés Manuel López Obrador’s pet megaprojects — is expected to cost 40 percent more than previously estimated — some $3.6 billion more — and is unlikely to be completed before the government’s 2022 deadline, inside sources reported. Construction of the 340,000-barrel-per-day refinery is
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By THE PULSE NEWS MEXICO STAFF Mexico’s financially strapped state-run oil company Petróleos Mexicanos (Pemex) is slated to take control of the Deer Park refinery, located in Texas, on Thursday, Jan. 20, in accordance with a purchase agreement with the Anglo-Dutch transnational corporation Royal Dutch Shell, which currently owns half of the oil processing plant. In May of last year,
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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 On Wednesday, Nov. 10, Mexico’s in-power National Regeneration Movement (Morena) and its allies passed the country’s proposed 2022 budget through Congress without any financial reductions, despite the opposition’s request for such, in a 274 to 219 split vote. The move will see 7.08 billion pesos allotted for all of Mexico’s expenditures in the upcoming year, controversially allocating
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By KELIN DILLON Five years after Mexico entered the international Paris Agreement, which seeks to counteract climate changes and reduce countries’ environmental impact, with 195 other nations from around the world, Mexico has faltered in its own promised participation, continuing to favor fossil fuels over clean energy and following other environmentally unfriendly policies. While the Paris Agreement sought to generate
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By KELIN DILLON As the blowback from the ongoing worker’s strike of Mexico’s under-construction Dos Bocas refinery over labor abuses continues, Secretary of Energy Rocío Nahle has come under fire by members of her very own party, the leftist National Regeneration Movement (Morena), for her purported role in covering up the dispute. After a violent clash at the facility, which
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By THÉRÈSE MARGOLIS Halfway through his six-year term, Mexican President Andrés Manuel López Obrador (AMLO) may claim that nearly 60 percent of Mexicans still support him and his leftist Fourth Transformation (4T) administration, but it’s the remaining 40 percent he needs to worry about. Not only did his National Regeneration Movement (Morena) party lose significant political terrain in the June
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By THE PULSE NEWS MEXICO STAFF Construction work at one of Mexican President Andrés Manuel López Obrador’s (AMLO) three pet projects, the Dos Bocas oil refinery in Paraiso (Paradise), Tabasco, came to a sudden standstill Tuesday, Oct. 12, when more than 5,000 construction workers at the site went on strike. The workers are demanding that the ICA Dos Bocas workers
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By KELIN DILLON In response to the Mexican federal government’s proposed budget for 2022, experts across multiple sectors have expressed concern that the steep financial allocations to megaprojects will leave the nation with little maneuvering room should unforeseen contingencies arise. “The budget has little room for maneuvering, and that room that we should use to stimulate the country’s growth has
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