Monthly Archives: October 2017

US Energy & Pemex Wary Of Rising Theft From Mexican Pipelines

Refinery workers in Veracruz finish their shift. Mexican gov’t statistics indicate mounting theft from pipelines that ferry refined gasoline from here to Mexico City. (photo: Lorne Matalon)

VERACRUZ, Mexico–American energy companies are looking to enter Mexico’s oil, natural gas and electricity markets which have been open since 2014 to foreign participation for the first time since 1938. Major US energy companies such as ExxonMobil and Chevron have entered the Mexican energy space. However smaller companies such as drillers, rig operators and seismic surveyors, the nuts and bolts of an industry that Mexico’s politicians hope will lift the economy are hedging their bets because of a serious security threat that the Mexican government has said is rising, namely the theft of oil and gasoline from Mexican pipelines. (listen: Texas Standard)

Veracruz state in southern Mexico is a hub of refineries and pipelines. The pipeline the left in Coatzacoalcos ferries refined gasoline and petrochemicals to Mexico City. (photo: Lorne Matalon)

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