Mexico Still Seeking Answers Days After Deadly Pemex Blast

Pemex LogoBloomberg, 2/3/2013

The search for the cause of a blast that destroyed three floors of a building at Petroleos Mexicanos’s headquarters and killed at least 34 people entered a fourth day, as investigators toiled ahead of a self-imposed deadline for finding an answer.

“In a few hours, a day or two, but no later,” we’ll have update on the certainty of the cause of the blast, Attorney General Jesus Murillo Karam, said Feb 1.

The nation’s deadliest explosion since a mine accident in 2006 comes as President Enrique Pena Nieto, who took office Dec. 1, plans to submit a bill to increase private investment in the energy industry and lower taxes on Pemex, the nation’s largest company by revenue and the world’s fourth-biggest crude producer.

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