Despite efforts to fight oil theft, last year the NOC recovered 45% less fuel than in 2013, and clandestine taps tripled during that period. The development of these and other stories in our periodic Security Summary.
After Tamaulipas was identified as one of the states with highest oil theft rates, Pemex’s management, as well as the National Police spoke about different strategies to fight this crime. The development of these and other stories in our periodic Security Summary.
Ministry of Finance and Public Credit (SHCP) head, José Antonio Meade, said that the Special Tax on Production and Services (IEPS) will be maintained during 2017 to mitigate the effects of fuel and diesel price liberalization.
Fuel theft is the topic of the moment in Mexico. Many people blame Pemex for this situation and demand that the company assume the cost of damage caused by this illegal activity. The Supreme Court of Justice of the Nation (SCJN) ruled on this.
Known as the ‘Red Triangle’ and made up by six municipalities in the state of Puebla, this area of southern Mexico has local and national authorities worried about the increase in oil theft cases, which have escalated during the last six years.
Pemex has implemented more than 10 different programs to control oil theft in its pipelines, but far from eradicating it, the crime has exponentially increased.
Illegal actions against the industry are growing in Mexico generating a great cost for Pemex.
According to a report in El Universal, the NOC reported 1,646 clandestine taps to its pipelines during January and February of this year.