Tag: Enrique Peña NietoEnrique Peña Nieto
Mexican President Enrique Peña Nieto signed on Monday a package of landmark energy reform bills, ending the 76-year-old state monopoly on oil drilling and reopening the sector to foreign companies.
Violence in Mexico could thwart hopes of a budding shale boom, as oil and gas companies operating in Texas may think twice about moving south of the border.
Mexico holds an estimated 545 trillion cubic feet of technically recoverable shale gas and 13 billion barrels of shale oil, but progress in developing those resources has been slow.
Chilean President Michelle Bachelet on Friday proposed a September gathering between officials and business leaders from Mercosur and the Pacific Alliance in hopes of creating a tie-up between the two Latin American trade groups.
Mexico's state-owned oil giant Pemex has sold the majority of its stake in Spanish energy firm Repsol for approximately 2.2bn Euros with the intervention of Citigroup and Deutsche Bank. Pemex has been a shareholder in Repsol for more than 25 years.
US President Barack Obama joined the Mexican and Canadian leaders Wednesday for a North American summit focused on trade but marked by friction between the three amigos. Mexican President Enrique Peña Nieto shook hands with Obama in an ornate state government palace in Toluca, near Mexico City, for private one-on-one talks before Prime Minister Stephen Harper joined them later.
The four presidents of the Pacific Alliance are scheduled to sign next Monday the trade group's Additional Protocol which will remove tariffs on 92% of goods and services, effective immediately, announced Colombian president Juan Manuel Santos who will be hosting the summit in Cartagena.
A Pope, two presidents, a businessman and a drug baron, the Latin-Americans that made it to Forbes list
Pope Francis ranks as the fourth most powerful person in the world and the most powerful Latin-American, according to Forbes’ annual Most Powerful in the World List which this year had Russian President Vladimir Putin ranked number one ahead of President Barack Obama and the General Secretary of the Communist Party of China Xi Jinping, number three.
Mexican President Enrique Peña Nieto is making the most daring gamble of his 8-month-old presidency with a proposal to lift a 75 year-old ban on private companies investing in the state-run oil industry, a cornerstone of Mexico’s national pride that’s seen production plummet in recent decades.
Mexican President Enrique Peña Nieto has announced a sweeping energy reform, which is expected to include constitutional changes to lure private investment and boost output, will be presented to Congress next week
Poverty in Mexico, including extreme cases, decreased slightly between 2010 and 2012, reported the National Council for Evaluation of Social Development Policy. Official stats show that poverty in Mexico, Latam’ second largest economy went from 46.1% of the population in 2010 to 45.5% in 2012, while extreme poverty fell from 11.3% to 9.8%.