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PEMEX files new lawsuit against US companies for acquiring stolen fuel

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/20453

PEMEX files new lawsuit against US companies for acquiring stolen fuel

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Title: PEMEX files new lawsuit against US companies for acquiring stolen fuel
Author: Navarro, Carlos
Subject: Latin America
Mexico
United States
PEMEX
PEP
Royal Dutch Shell Plc
ConocoPhillips
Sunoco Partners
Marathon Petroleum
fossil fuels
fuel theft
gasoline
natural gas condensate
lawsuit
Burgos Field
criminal organizations
black market
Zeta cartel
Sinaloa cartel
La Familia cartel
oil
Abstract: The state‐run 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 company’s 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).
Date: 2012-04-18
Publisher: SourceMex - Latin America Data Base
Citation: Navarro, C. (2012, April 18). PEMEX files new lawsuit against US companies for acquiring stolen fuel. SourceMex 22(15): 3-5.
Description: 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.
URI: http://hdl.handle.net/1928/20453
Available at: http://ladb.unm.edu
ISSN: 1054-8890


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