Back

LatinNews Daily - 25 September 2018

In brief: Mexico

* A new report commissioned by Mexico’s energy regulatory commission (CRE), the federal energy sector regulator, has identified that eight different organised criminal groups are dedicated to stealing hydrocarbon fuels from Mexico’s state-owned oil firm, Pemex. The report notes that these groups (locally known as ‘huachicoleros’) operate with the complicity of Pemex employees as well as local public security officials in various areas of Mexico and have produced significant economic losses for Pemex. The report also found that huachicolero groups are increasingly selling stolen hydrocarbon fuels not just to individuals but also to legitimate firms, including 23 US oil refining firms, which have now been sued by Pemex.

End of preview - This article contains approximately 107 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.