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.
The MexicoBlog of the Americas Program, a fiscally sponsored program of the Center for Economic and Policy Research (CEPR), is written by Laura Carlsen. I monitor and analyze international press on Mexico, with a focus on security, immigration, human rights and social movements for peace and justice, from a feminist perspective. And sometimes I simply muse.
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