According to the state-owned oil giant, the drop in profit is the result of a decrease in total sales, the increase in the impairment of fixed assets and the lower income from the resale of products.
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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
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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
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By KELIN DILLON Several days after Mexican President Andrés Manuel López Obrador (AMLO) inaugurated the controversial Dos Bocas Refinery on Friday, July 1, Mexican journalist Carlos Loret de Mola released a scathing two-part analysis of purported lies featured in López Obrador’s inaugural address, revealing apparent inconsistencies in AMLO’s contentious Tabascan pet project. According to Loret de Mola – a perennial
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By RICARDO CASTILLO Peña Nieto Not Under Investigation What? Fake news in the Wall Street Journal? You bet ya! This past week, the WSJ published a news item claiming that Mexican Fiscal General Alejandro Gertz Manero had evidence that corruption in the Pemex-related Emilio Lozoya Austin case reached to the highest level, inferring that former Mexican President Enrique Peña Nieto
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By THE PULSE NEWS MEXICO STAFF As part of his plan to make Mexico more economically solvent and reduce the national debt, newly instated President Andrés Manuel López Obrador (AMLO) said Saturday, Dec.15, that he will boost the country’s crude oil production by 45 percent by the year 2025. Speaking before a crowd of supporters in the oil-rich city of
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By RICARDO CASTILLO The change over of presidents in Mexico is always a formal event, and this time was no exception, except for the fact that the style of doing things has changed. Some, if not all, of the stiff formality of yesteryear was absent in the proceedings that took place on Saturday, Dec. 1. The real change of administrations
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