Carlos Navarro

Document Type

Article

Publication Date

4-18-2012

Abstract

The staterun oil company PEMEX has filed a fresh lawsuit against a dozen US energy companies, alleging that they acquired and resold fuel that Mexican criminal organizations stole in Mexico. PEMEX has tightened security to prevent fuel theft, but the companys efforts have fallen short because of widespread corruption and the remoteness of many of its facilities. PEMEX, the only company allowed to market petroleum products in Mexico, has suffered significant losses because of thefts of refined products, from gasoline to natural gas condensates. The company recently estimated the value of stolen products on the black market at about 3.5 billion pesos annually (US$265 million).'

Rights

Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.

Language

English

Publisher

SourceMex - Latin America Data Base

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