Mexico president says will address theft from oil platforms

1/15/2019 – Reuters

14-01-2019-FOTO-03-CONFERENCIA-DE-PRENSA-MATUTINA-1024x697.jpgMEXICO CITY, Jan 15 (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Tuesday that there had been “acts of sabotage” and theft from oil drilling platforms and that his government would address the problem as part of a crackdown on fuel theft.

“We have identified the problem and we are also going to face it,” he said at his morning press conference, without providing further details.

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Mexican ports see bottlenecks as fuel distribution slows: traders

1/9/2019 – Reuters

El-presidente-de-México-Andrés-Manuel-López-Obrador.-EFE-4MEXICO CITY (Reuters) – Bottlenecks for offloading imported fuel are forming at some Mexican oil ports following government orders to shut pipelines to limit losses from widespread fuel theft, according to traders and Refinitiv Eikon data.

With storage limited in Mexico, the move by President Andres Manuel Lopez Obrador to shut pipelines and move fuel mostly by rail and truck has slowed transport, causing long lines for consumers and slowed deliveries at ports, where more than 7 million barrels of fuel – enough for several days of use in Mexico – languish.

The crackdown on fuel theft, a crime that has drained billions of dollars from state coffers and is blamed for rising violence in some regions, is the leftist president’s first major move against criminals and corruption since taking office in December, but risks angering consumers and hurting the economy.

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Mexican president claims sabotage, no retreat in fuel fight

1/10/2019 – The Washington Post

 (Marco Ugarte/Associated Press)

By the Associated Press

MEXICO CITY — Gasoline and diesel shortages are mounting in Mexico, but President Andres Manuel Lopez Obrador is vowing not to retreat in his battle against fuel theft gangs.

Lopez Obrador is blaming sabotage of a key pipeline leading to Mexico City for blocks-long lines at gas stations.

Lopez Obrador said Thursday that “there will be no retreat, not one step backward” in the crackdown.

He said gangs had become so sophisticated they were running their own tank farm to store stolen fuel in northern Mexico.

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Mexican President Says Fuel Theft Plan Working Despite Shortages

1/7/2019 – The New York Times

07-01-19-foto-06-conferencia-de-prensa-matutina-770x513By Reuters

MEXICO CITY — Mexican President Andres Manuel Lopez Obrador said on Monday that the country’s offensive against fuel theft was yielding good results and would continue, though it has provoked fuel shortages and long lines of angry motorists.

As part of the campaign to combat chronic theft of gasoline, state oil firm Pemex is changing its distribution, triggering shortages in at least six states.

Lopez Obrador said at a news conference that the government had not established a date for when operations would return to normal, but stressed that supply was not in danger.

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Fuel theft poses first big battle for Mexican president

1/7/2019 – The Washington Post

(Eduardo Verdugo, File/Associated Press)

By the Associated Press

Mexico’s new president has shut down some pipelines to stop fuel thieves who he says had established an illegal distribution network.

The fight against thefts of $3 billion per year from government pipelines and fuel depots represents the first big domestic battle for Andres Manuel Lopez Obrador, who took office on Dec. 1.

Lopez Obrador said Monday that some gangs had actually built warehouses over pipeline rights of way to drill illegal taps into the ducts.

The pipeline shutdowns and a temporary switch to more distribution by tanker trucks has caused gasoline shortages in a handful of states.

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Mexico offers to buy debt of canceled airport, but work continues

12/04/2018 – Reuters

(REUTERS/Alexandre Meneghini)

By Anthony Esposito

TEXCOCO, Mexico (Reuters) – Mexico said on Monday it would repurchase some of the debt used to fund a partly-built airport canceled by the new president, even as work at the site continued for the time being.

Veteran leftist Andres Manuel Lopez Obrador said in October that he would scrap the $13 billion Mexico City airport, arguing that the project was tainted by corruption and would be expensive to maintain.

On the first weekday of his new administration, the Mexico City Airport Trust said it would buy back up to $1.8 billion of $6 billion in debt issued to fund the airport, in an offer that runs through the start of January.

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El Chapo’s Early Days as a Budding Kingpin

12/2/2018 – New York Times

United States Law Enforcement, via Associated Press

The jurors at the trial of Joaquín Guzmán Loera, known as El Chapo, were treated last week to a cinematic narrative about the early years of the kingpin’s career, detailing his rise from a young upstart in the drug trade to a wealthy and successful narco-entrepreneur.

Much of the tale was told by one of El Chapo’s first employees, Miguel Angel Martínez, who began working for the cartel as a pilot in 1987 before being promoted to running operations in Mexico City.

Over four days last week as a government witness in Federal District Court in Brooklyn, Mr. Martínez described how the crime lord went from being a novice trafficker with a staff of only 25 people to earning hundreds of millions of dollars that he spent on extravagances like a fleet of private jets and a rural ranch with a zoo where guests could ride a train past crocodiles and bears.

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