By THE PULSE NEWS MEXICO STAFF While Mexican President Andrés Manuel López Obrador (AMLO) has set a deadline of 2024 for the nation to become self-sufficient in gasoline production, the country is severely lagging in the production of premium, high-octane gasoline, used by about 30 percent of all Mexican vehicles. Currently, Mexico’s state-run oil company Petróleos Mexicanos (Pemex) produces only 4
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By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador (AMLO) said Monday, Sept. 20, that he “lamented” the deaths of two men outside a restaurant located in Salamanca, Guanajuato, on Sunday, Sept. 19. The men were killed by a bomb that exploded at 7:14 p.m. from inside a package that was delivered to the family-run Barra 6104 restaurant
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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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By RICARDO CASTILLO The talk of the day in Mexico continues to be the arrests for trial of alleged Petróleos Mexicanos (Pemex) budget-sacking artists Emilio Lozoya Austin and José Antonio Yépez Ortiz. The first is accused of crooked moves as director of the national oil company ,and the second actually is said to have called himself “owner” of the Pemex-owned
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By RICARDO CASTILLO José Antonio Yépez Ortiz, alias “El Marro” or “The Sledgehammer,” rose up the ranks of Mexico’s crime hierarchy from a petty thief to leader and founder of the Santa Rosa de Lima Cartel. El Marro was arrested on Sunday, Aug. 2, and is to be arraigned at the maximum-security prison at Almoloya de Juárez in the State
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By RICARDO CASTILLO Early Vacations Due to the imminent threat of a Covid-19 contagion, Mexico’s Public Education Secretariat (SEP) opted for stopping classes altogether for two weeks as of Friday, March 20. The two weeks will link up with the upcoming two week Easter vacation, slated to start on April 4. Classes will restart on April 20, providing for a
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By RICARDO CASTILLO Weathering a Perfect Storm Over the past few days, representatives of all o Mexico’s major banks have held separate press conferences previous to the annual Mexico Banks Association Convention, now being held in Acapulco. Each of the interviewed representatives showed acceptance for the policies of Mexican President Andrés Manuel López Obrador (AMLO). This is an indicator that
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By RICARDO CASTILLO One of several reasons why Andrés Manuel López Obrador (AMLO) won the 2018 Mexican presidential elections was his protest against former President Enrique Peña Nieto’s energy reform. Back in 2013, AMLO demanded that a referendum be held during the 2015 mid-term election to seek voters’ approval of the reform. Peña Nieto refused to carry out that
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By RICARDO CASTILLO There’s a growing concern among most Mexicans over President Andrés Manuel López Obrador’s (AMLO) disdain for personal security. Friends and political opponents agree that the lax security that has surrounded him for the little over two months he’s been in office has to be reinforced. The president’s problem is that he considers himself to be just one more
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