Tag Archives: Pemex

Judge Censures Gertz’s Public Speech in Robles Trial

By KELIN DILLON On Monday, Oct. 4, Mexico’s Third District Judge of Amparo in Mexico City Criminal Matters ruled that Attorney General (FGR) Alejandro Gertz Manero may not continue to speak on the alleged guilt of former Secretary of Social Development Rosario Robles in her ongoing legal process, citing Gertz’s previously public discussion on the topic as interfering with her

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Pandora Papers Implicate Billionaires, Legal Advisor to AMLO

By THÉRÈSE MARGOLIS More than 3,000 Mexicans — including three billionaires and a former close advisor to President Andrés Manuel López Obrador (AMLO) — have been implicated in the so-called Pandora Papers, a trove of more than 11.8 million documents collected by the International Consortium of Investigative Journalists (ICIJ) that exposes secretive offshore accounts that allowed government leaders, financial tycoons

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Mexico Closes Private Sector Gas Terminals

By KELIN DILLON As the Mexican government continues its quest to give state-owned oil company Petróleos Mexicanos (Pemex) majority control over the nation’s energy market, it has now closed a number of privately owned terminals used to import fuel across the country. In the past month and a half alone, three terminals in Tuxpan, Puebla and Hermosillo were closed by

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Pemex Opts for Fracking Despite AMLO’s Promises to the Contrary

By THE PULSE NEWS MEXICO STAFF Despite the fact that Mexican President Andrés Manuel López (AMLO) has repeatedly said that the state-run oil venture Petróleos Mexicanos (Pemex) will no longer use fracking practices to extract oil, Pemex on Wednesday, Sept. 15, presented a request for 11.657 billion pesos for a new fracking extraction project in 2022. The request represented a

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Pemex Will Need $9 Billion for Refineries

By THE PULSE NEWS MEXICO STAFF Mexican Finance (Hacienda, or SHCP) Secretary Rogelio Ramírez de la O will need to earmark at least $8.9 billion of federal funds for the state-run oil company Petróleos Mexicanos’ (Pemex) refinery division between 2022 and 2024 in order for the country to become self-sufficent in gasoline production, according to a study conducted by the

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Slow Economic Growth Limits Mexico’s 2022 Budget

By KELIN DILLON While Mexican President Andrés Manuel López Obrador (AMLO) is expected to present Mexico’s 2022 Budget to the nation’s Congress on Wednesday, Sept. 8, the country is not expected to have any significant advances in public spending due to a number of debilitating economic factors brought on by the effects of the year-and-a-half-long covid-19 pandemic. During 2020 and

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FGR Demands 1.7 Million Pesos to Open Odebrecht Files

By KELIN DILLON Mexico’s Attorney General’s Office (FGR) has requested a massive sum of 1.7 million pesos to release documents relating to the infamous Odebrecht corruption case to the media, a file that has been kept by the FGR since 2017. The National Transparency Institute (INAI) ordered the file’s release as per Mexico’s transparency law in a digital format; the

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Mexican Attorney General’s Arbitrary Belief in Accused Pemex Bribes

By KELIN DILLON Mexico’s Attorney General of the Republic (FGR) seemingly believes everything that disgraced former Petróleos Mexicanos (Pemex) Director Emilio Lozoya’s claims surrounding who received bribes during his time at the company, despite several witnesses offering testimony to the contrary. After admitting himself to have received bribes from corrupt Brazilian company Odebrecht after his extradition back to Mexico in

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Gas Bienestar Launches in CDMX

By THE PULSE NEWS MEXICO STAFF The newly created state-owned natural gas company Gas Bienestar began formal operations on Tuesday, Aug. 31, in Mexico City’s Ixtapalapa Precinct with a starting price 10 percent below the maximum set by the country’s Energy Regulatory Commission (CRE). Gas Bienestar, a subsidiary of the state-run Petróleos Mexicanos (Pemex) oil company, will offer residents of some

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