News that doesn't receive the necessary attention.

Wednesday, February 18, 2015

Mexico state owned oil company Pemex halts shipments of ready to use oil due to theft-BBC. Mexican government yet again fails its citizens

"Mexico would have died...without the option to send its rural poor - fully one-fifth of its population - to the United States."...  
2/17/15, "Mexico to stop shipping ready-to-use fuel to curb thefts," BBC

"Mexico's state-owned oil company Pemex has announced it will stop shipping ready-to-use petrol and diesel through its pipelines, in an effort to curb fuel thefts.

Pemex says it will use its pipelines across Mexico only for unfinished fuel.

That fuel will go through a last phase of mixing when it reaches the company's storage plants.

More than $1bn (£650,000) worth of fuel was stolen by Mexican gangs in 2014, an increase of 70% over the previous year
In a statement, the company warned consumers not to buy illegal fuel tapped from its pipelines as it was likely to damage car engines

Last year, Pemex discovered more than 2,600 illegal taps along its network of ducts. Many criminal organisations, including Mexico's notorious drugs gangs, are involved in the illegal activities.

Mexican oil production has declined from 3.6 million barrels a day in 2004 to just 2.5 million. Pemex, known officially as Petroleos Mexicanos, has been in the red since 2013.

Last year, the Mexican Congress approved President Enrique Pena Nieto's energy reform, one of the priorities of his administration.

The constitutional changes have allowed foreign companies to be awarded oil contracts for the first time since the industry was nationalised in 1938."

Image caption: "Mexico's notorious drug gangs have been increasingly involved in fuel theft," AP

One fifth of Mexico's population has been shipped to the US:

"Mexico would have died as well, without the option to send its rural poor - fully one-fifth of its population - to the United States."...

6/17/13, "Syria and Egypt can't be fixed," by Spengler, Asia Times 





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