Tag Archives: Pemex

Expanded Europe-Mexico Agreement Due to Take Effect in Early 2020

By THÉRÈSE MARGOLIS     Negotiations on the updated version of the European Union-Mexico Global Agreement (EUMGA) are expected to be completed in the very near future, with the final accord being signed by the start of 2020 and its implementation shortly after, EU Ambassador to Mexico Klaus Rudischhauser said Thursday, May 9. The agreement, which has been being carefully hammered out

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AMLO’s Ever-Deepening Hole

By THÉRÈSE MARGOLIS     The very astute U.S. political columnist and comedian Will Rogers once quipped: “If you find yourself in a hole, stop digging.” Sage advice, and solid counsel that Mexican President Andrés Manuel López Obrador (AMLO) would do well to follow. But even before he took office in December of last year, Mexico’s populist president has been excavating his

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Labor Day Unionists Meeting Buries Charrismo

By RICARDO CASTILLO     It was an odd but politically meaningful meeting at the National Palace on Wednesday, May 1 (International Labor Day), when Mexican President Andrés Manuel López Obrador (AMLO) offered an official lunch to the country’s most important union leaders. Odd because many of the leaders belong to a kind of club that is nicknamed in political circles the

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Gasoline Prices Up 12 Percent So Far This Year

By RICARDO CASTILLO     Lest we forget: One of the unkept promises that helped to topple the popularity of former Mexican President Enrique Peña Nieto was his much-repeated outright lie that with his Energy Reform and Pemex joining free-market competition, “fuel prices will come down.” On Jan. 1, 2017, Peña Nieto made the grave error of liberating gasoline and diesel prices.

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Mexico Announces Corporate Contenders to Build Refinery

By THE PULSE NEWS MEXICO STAFF     Mexican Energy Secretary Rocio Nahle announced on Monday March 18 – the 81st anniversary the expropriation and nationalization of the nation’s oil industry – the names of the four international companies that have been invited to post tenders for the construction of the $8 billion Dos Bocas refinery in the southeastern state of Tabasco.

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Mexican President Declares End of Neoliberal Era

By THÉRÈSE MARGOLIS     Mexican President Andrés Manuel López Obrador (AMLO) officially declared the demise of the country’s 37-year neoliberal era on Sunday, March 17. Speaking at the close of a two-day forum titled “Planning Together the Transformation of Mexico” at the National Palace, the president said that the age of “pillaging, anti-populist and submissive economic policies” was over and a

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Two Mouths, Multiple Opinions

By RICARDO CASTILLO     For a “misunderstanding,” the initiation of the construction of the Dos Bocas port refinery was surely a noisy one. But then, it only helps to deepen the polarization of Mexican President Andrés Manuel López Obrador (AMLO) and his multiple detractors, mainly international rating companies concerned about the state-run oil company Petróleos Mexicanos’ (Pemex) huge debt of $95.6

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