Feb 23, 2015

Theft Surge Prompts Pemex to Halt Gasoline Shipments by Pipe

Bloomberg: Petroleos Mexicanos is losing so much money to people pilfering from its pipelines that the state-owned oil producer has decided to remove the temptation.

Pemex will stop using pipelines to transport refined fuel that can be put directly into engines, the Mexico City-based company said in an e-mailed statement Tuesday. Instead, Pemex will remove a key chemical and use pipelines to send the partially processed gasoline and diesel to storage terminals, where the fuel will undertake final processing. Read more. 

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