Over the weekend, local media reported that legislators are proposing additions to existing federal laws that would make punishments for hydrocarbons and fuel theft harsher than those for other types of theft.
“In the case of stolen fuels – petrol, diesel and LPG – to petrol stations, assignees, contractors, permit holders, distributors, or whoever may dispose of them, the permit granted to sell or distribute hydrocarbons will be suspended or revoked by the Energy Regulatory Commission,” Deputy Alejandro Juraidini Villaseñor told the chamber.
The deputy also presented data indicating a loss of MXN 6.4 billion (USD 333 million) due to the theft of around 756,000 litres of fuel from mainly Pemex pipelines between 2011 and 2016.
Fuel theft incidents have been on the rise over the past year, with many new pipeline hot taps discovered and several federal operations taking place to break up criminal networks dealing with the stolen products.
Over the weekend, local newspaper El Financiero reported that the Mexico state Secretariat of Security had found an abandoned vehicle carrying 3,000 litres of stolen fuel on the Toluca-Atlacomulco highway. The fuel was thought to have been taken from a nearby Pemex pipeline.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.