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LatinNews Daily - 23 September 2021

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In brief: Mexican business lobby expresses concern over fuel imports

* The Consejo Coordinador Empresarial (CCE), Mexico’s leading private sector lobby, has called upon the government led by President Andrés Manuel López Obrador not to hinder the legal import of fuel and “artificially” favour the state-owned oil company Pemex. In a statement, the CCE expresses its “deep concern over the recent closure of private oil storage and transfer terminals in various states” across the country, warning that this is detrimental to private investments and could threaten the country’s fuel supply. Private terminals have reportedly been closing in the face of obstacles to importing oil. “Seeking to limit petrol imports will reduce the supply of fuels which are used for basic activities such as public transport and the distribution of food products”, the CCE warned, calling upon the Mexican government to ensure that its strategy to fight oil theft does not jeopardise the country’s industry and commitment to free markets. At the beginning of his term in December 2018 López Obrador swore to clamp down on oil theft and strengthen the heavily indebted Pemex.