An investigation by Newsweek Mexico shows that daily operations at Pemex are full of inconsistencies that facilitate oil theft. The development of these and other stories in our periodic Security summary.
The President of the Mexican Republic Oil Workers Union (STPRM), Carlos Romero Deschamps, was accused of oil theft. These and other stories in our periodic summary of labor-related issues.
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.
Pemex reported the number of clandestine taps in its pipelines during October 2018 and the cumulative figure during last year. As expected, this problem increased compared to previous month.
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.
An explosion in a clandestine tap killed at least 91 people in Hidalgo, despite the president’s new strategy to fight oil theft in the country.
Former Pemex employees have leveraged their knowledge of the NOC’s pipeline network to join gangs dedicated to oil theft. The development of these and other stories in our periodic Security summary.
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.
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