By KELIN DILLON A massive extra 68 billion pesos have been given to the construction of Mexico’s controversial Dos Bocas refinery in Tabasco during the first semester of 2021 — more than what was given to the country’s health sector during the same time period despite the deadly coronavirus pandemic. Data from Mexico’s Secretariat of Finance (SHCP) revealed the initially
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By THE PULSE NEWS MEXICO STAFF The leftist government of Mexican President Andrés Manuel López Obrador (AMLO) announced this week that it will now restrict fuel imports to state-run agencies, thus dealing yet another blow to private-sector energy companies. On June 11, the Mexico’s Tax Administration Service (SAT) published a change to its foreign trade rules forbidding private parties from
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By KELIN DILLON Environmentalists are lashing out against Mexico’s oil-friendly practices after the appearance of a massive fireball in the Gulf of Mexico on Friday, July 2, which was caused by a leak in one of state-owned oil company Petróleos Mexicanos’ (Pemex) pipelines through the area. The massive fire “demonstrates the serious risks that the fossil fuel model in Mexico
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By KELIN DILLON Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) announced its acquisition of the Deer Park refinery in Texas on Monday, May 24, for the sum of $596 million dollars for 50 percent of the shares from Shell Oil Company to complete the purchase, as Mexico already held the other half of the shares. Part of Pemex’s acquisition from
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By KELIN DILLON The construction of Mexico’s Dos Bocas refinery will take more time than expected to complete, and as such, will require an increased budget to help finish the project, said the Petróleos Mexicanos (Pemex) Board of Directors. The refinery is now set to cost the nation up to $12.4 billion, over $3.5 billion more than estimated last year.
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By THÉRÈSE MARGOLIS Thugs in Uniforms Mexican President Andrés Manuel López Obrador’s (AMLO) ever-expanding army of National Guard (GN) troops has been flexing its muscles in a violent show of force against civilians, proving once again that unbridled military power is a threat to the nation and the Mexican people alike. In just the last month alone, members of AMLO’s
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By RICARDO CASTILLO An Irate Response After Mexican President Andrés Manuel López Obrador (AMLO) asked Supreme Court Chief Justice Arturo Zaldivar to order an investigation into Judge Juan Pablo Gómez Fierro (who indefinitely suspended the president’s controversial new electricity bill), Zaldivar complied and requested the officer in charge of the Council of the Judiciary, Carlos Alpízar, to pay a visit
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By KELIN DILLON In the last decade, Mexico reportedly had to import over $20 billion per year worth of gasoline to cover the country’s growing demand, following Mexico’s state-owned fuel company Petróleos Mexicanos (Pemex) inability to meet the market’s needs. Pemex reportedly suffered huge losses in revenue and production in 2020 after the start of the covid-19 pandemic. The company
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By RICARDO CASTILLO AMLO’s New Year Message The prospects for 2021 are looking good in the eyes of Mexican President Andrés Manuel López Obrador (AMLO) as the nation’s treasury starts the new decade with a 65 billion peso surplus, thanks to stiff collections practices that have “wealthy tax evaders” climbing the walls. To be clear, that does not mean
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By THÉRÈSE MARGOLIS Critics of Mexican President Andrés Manuel López Obrador (AMLO) wasted no time after his 45-minute Informe de Gobierno (State of the Nation Address) on Tuesday, Sept. 1, to attack his annual report as “false,” “misleading” and “delusional.” In the address — the second in the president’s six-year term — AMLO congratulated himself and his leftwing administration for
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