The financial advantages of exiting the Mexican Stock Exchange have prompted 9 percent of Mexican companies on the market to delist from the exchange during the last six years
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By KELIN DILLON As Mexican President Andrés Manuel López Obrador’s (AMLO) intention to reform Mexico’s energy sector to favor state-owned oil company Petróleos Mexicanos (Pemex) has resulted in the reduction of fuel import permits and the cancellation of storage operations, private and foreign companies alike have been forced to reignite a working relationship with Pemex in order to obtain sufficient
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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 RICARDO CASTILLO Wind and Solar Energy Thwarted The publication in the Mexican government’s Official Gazette on Friday, May 15, of a change in federal electricity policies, titled the Policy of Trustworthiness, Security, Continuity and Quality in the National Electricity System has irked many a foreign corporation that has invested in renewable electricity. Mexican Energy (Sener) Secretary Rocío Nahle has
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By RICARDO CASTILLO There’s an old Mexican adage that says that it is cheaper to make a poor deal than to fight a great fight. This might seem to be exactly what happened in the negotiations headed by Mexico’s Federal Electricity Commission (CFE) Director Manuel Bartlett Díaz and seven gas pipeline companies that signed contracts for gas ducts with the
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By RICARDO CASTILLO The tip of the iceberg appeared last April in the form of three outages in the Yucatan Peninsula, each affecting approximately 1.6 million electricity users. Back then, the Mexican state-owned company Federal Electricity Commission (CFE) blamed the blackouts on rural cane field fires and line failures. The rest of the iceberg emerged last month, and the truth
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By RICARDO CASTILLO What was the political gossip this week in Mexico? Definitely, the “denunciations” President Andrés Manuel López Obrador (AMLO) made of nine past officials for stealing money from the near-bankrupt, still-government-run electricity monopoly, the Federal Electricity Commission (CFE). As we covered in Pulse News Mexico, on Monday, Feb. 11, the president, during his daily press conference at the National Palace in downtown Mexico City,
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