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 MARK LORENZANA Javier Coello Trejo, former lawyer of Emilio Lozoya Austin — the disgraced former CEO of Mexican state-run oil giant Petróleos Mexicanos (Pemex), who is currently in custody on corruption charges — said on Tuesday, June 28, that he will file a lawsuit for moral damages against Mexican Attorney General (FGR) Alejandro Gertz Manero. On Thursday, June 23,
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By KELIN DILLON After years of contention between the neighboring United States and Mexico over the latter’s energy sector, according to a report by U.S. news´service Bloomberg, the office of U.S. Trade Representative Katherine Tai is working to amp up its complaints against Mexico surrounding its violations of the United States-Mexico-Canada Agreement (USMCA) and is expected to submit a request
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By MARK LORENZANA The value of oil imports and the trade deficit in hydrocarbons reached an all-time high in the first five months of the year due to the global rise in crude oil prices, a situation that could complicate Mexico’s public finances, experts said on Tuesday, June 28. From January to May of this year, the prices of light
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OPINION By THÉRÈSE MARGOLIS It isn’t hard to find dirt on Mexico’s Maccise family, a devious mafia of media power and political imposition based out of Toluca, in the State of Mexico (EdoMéx), that has used its money and political clout to influence elections, silence reporters and bulldoze legislation for its own agenda for more than three decades. The family’s
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By MARK LORENZANA Mexico’s Secretary of Energy Rocío Nahle on Monday, June 13, sent an official letter to the Energy Regulatory Commission (CRE) and the National Gas Control Center (Cenagas), instructing them to modify regulations and transport contracts for natural gas, which would favor Mexico’s Federal Electricity Commission (CFE) and state oil giant Petróleos Mexicanos (Pemex). This direct order from
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By MARK LORENZANA According to a report by the Wall Street Journal (WSJ) on Sunday, June 12, the government of Mexican President Andrés Manuel López Obrador (AMLO) “is shifting the country to a 1970s industrial policy” and has resorted to “greater state intervention” by targeting privately owned energy firms legally operating in Mexico and “backing state-run energy giants.” The WSJ
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By KELIN DILLON According to data from Mexican Congress’ approved budgets for Petróleos Mexicanos (Pemex), the state-owned gas company could be putting the lives and wellbeing of its employees and the populations residing near Pemex drilling sites at risk due to a lack of continual maintenance within the company’s infrastructure. While figures from 2018 show 17.26 billion pesos in budget
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PULSE NEWS MEXICO Mexico’s Energy Regulatory Commission (CRE) on Friday, May 27, fined Iberdrola Energía Monterrey an exuberant amount of 9,145,388,400 pesos for the sale of energy to customers that were not original partners in its self-supply permit. When Iberdrola opened the plant in question, its total investment was 9 billion pesos, that is 145,388,400 less than the fine imposed
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OPINION By RICARDO CASTILLO For four Mexican opposition political parties, it is the lull before the storm, scheduled for Sunday, June 5, when elections for governor will be held in six states. For sure the leaders of those parties are keeping up the competitive spirit, claiming the candidates they support will come out victors, a hope contenders claim is wishful
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