The president apologized to Mexicans if his new strategy to fight fuel theft has caused discomfort, but assured it is necessary if they want to see oil theft levels go down and eventually disappear. The development of these and other stories in our periodic Security summary.
Andres Manuel Lopez Obrador (AMLO) decided to close Pemex pipelines as a strategy to reduce fuel theft in Mexico. This generated fuel shortages around, but Moody’s Investor Service estimates that the benefits for Pemex could be large in terms of revenues.
AMLO took office on December 1st, and according to his team, implementation of his new security strategy started only days later. The development of these and other stories in our periodic Security summary.
AMLO officially took office and spoke about ‘huachicoleo’ (oil theft) during his speech in Mexico City. The development of these and other stories in our periodic Security summary.
Pemex reported the number of clandestine taps in its pipelines during September and the cumulative figure during this year. This problem decreased compared to previous month, but it is still at high levels.