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FEDERAL AUTHORITIES INVESTIGATE PEMEX OFFICIALS, EMPLOYEES FOR INVOLVEMENT IN FUEL-THEFT.

Publication: SourceMex Economic News & Analysis on Mexico
Publication Date: 05-AUG-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
In late July, federal law-enforcement authorities seized key documents from the headquarters of the state-run oil company PEMEX that could implicate some officials in an elaborate scheme in which millions of dollars worth of fuel were siphoned off from pipelines. The raid by law-enforcement personnel from the Procuraduria General de la Republica (PGR) and other agencies suggested that a high level of corruption still exists in the company. Fuel theft costs PEMEX close to US$2 billion per year. PEMEX inspectors detected at least 396 illegal connections to its fuel pipelines in 2008.

Energy Secretary Georgina Kessel Martinez, speaking to reporters in the aftermath of the raid, promised that anyone found guilty "would face the full consequences of the law." But Kessel held out little hope that the practice would be eradicated anytime soon, given...

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