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Mexico & Nafta - August 2015 (ISSN 1741-444X)
Milking of Pemex creates problems
When the ‘milking’ of the state-owned oil company Petróleos Mexicanos (Pemex) is raised as an issue, it is normally taken to mean the government’s draining of the national cash cow. But there is another type of ‘milking’ of Pemex that is far more of a drain because it is not the state benefiting. This is the theft of fuel from Pemex pipelines. In early July, Pemex admitted to supply problems in eight states in the north and west of Mexico. This owed in part to logistical and maintenance problems at Pemex refineries, but the principal problem was illegal taps by drug trafficking organisations (DTOs) and theft by Pemex employees.
