Pemex reported the number of clandestine taps in its pipelines during May and the cumulative figure during this year. This problem decreased compared to previous month, but it is still at high levels, affecting Pemex finances and operations.
Concerned about a constant increase in oil theft levels during recent years, different companies that transport Pemex crude announced that they will stop working with the NOC. The development of these and other stories in our periodic Security summary.
Presidential candidate of the ‘Todos por México’ (literally: ‘All for Mexico’) coalition, Jose Antonio Meade, explained how he would fight oil theft if elected president. The development of these and other stories in our periodic Security summary.
Pemex published a report detailing the magnitude of this crime and the consequences that it has for the company’s finances. The development of these and other stories in our periodic Security summary.
Pemex reported the number of clandestine taps in its pipelines during April and the cumulative figure during this year. This problem is breaching all records, affecting Pemex finances and operations.
Most of the news coverage has been on pipeline theft –partially because they have a tendency to blow up if this is done badly – but truck hijacking and even theft from trains are also increasing rapidly.
Pemex CEO, Carlos Alberto Treviño, says that despite the company’s efforts to combat fuel theft, the justice system fails to process those captured and the Mexican propane association says losses have reached 15%. These stories and others in our periodic Security summary.
Police raid a Pemex refinery looking for evidence of collaboration and a journalist puts a stopwatch on an oil theft. These and other stories in our periodic security summary.
Pemex and local authorities gave an update on the states where oil theft has increased the most during this year. The development of these and other stories in our periodic Security summary.
The NOC presented a report which shows that oil theft is an issue far from being resolved. The development of these and other stories in our periodic Security summary.
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