Pemex to send crude to JX Nippon’s refinery in Japan

July 27, 2015

07/27/15 EBR

120px-PemexMexican state oil and gas company Petróleos Mexicanos (Pemex) has signed an agreement with JX Nippon Oil & Energy to ship six million barrels of light crude to the latter’s refinery in Japan.

Pemex will deliver Isthmus crude which is mainly produced in the Campeche zone, Mexico.

The crude will be transported in six cargoes from Pemex’s Salina Cruz terminal on the southern Pacific coast between this August and January 2016, reported Reuters. This will be in addition to about four million barrels shipped to JX Nippon in the first half of the year.

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Juárez is largest producer of solar panels in Mexico

July 27, 2015

07/27/15 El Paso Times

Solar PanelsJUAREZ >> This border city has become the largest producer of solar panels in Mexico and Latin America, officials said.

The manufacturing plant Flextronics, located in far south Juárez, recently reached its maximum capacity production of 1.3 million solar panels a year. It began making them for Missouri-based SunEdison Inc., the world’s largest renewable energy development company, in mid-2014.

The panels, which were produced for the first time in Juárez, are exported to the United States and other countries in South America and Europe for residential, utility and commercial photovoltaic projects.

A photovoltaic system employs solar panels, also known as modules, to supply usable solar power.

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Judge In Mexico Orders Prison Officials Detained In ‘El Chapo’ Escape

July 27, 2015

07/27/15 NPR

ElChapoWeeks after drug lord Joaquin “El Chapo” Guzman allegedly got inside help in a daring escape from a maximum-security prison in Mexico, a Mexican federal judge has ordered three officials who worked in the facility’s monitoring center at the time of the jailbreak to be formally taken into custody.

Guzman, the head of the Sinaloa drug cartel, used an elaborate tunnel system constructed under the Altiplano prison in Almoloya to slip out of his cell on July 11.

According to The Associated Press: “The judge described the employees as the person in charge of the prison’s video surveillance control center and two guards. There were inconsistencies in the supervisor’s statements and there was no explanation for why the guards did not answer the telephone in their module.”

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Damning Report on Missing Mexican Students Says ‘Justice Neglected’

July 24, 2015

7/24/15 Newsweek

AFP

AFP

An independent Mexican commission said on Thursday it found serious flaws in an investigation into the apparent massacre of 43 students last year, dealing a fresh blow to President Enrique Pena Nieto over a scandal that has battered his administration.

The case became a symbol of impunity over disappearances and plunged Pena Nieto into his deepest crisis after the 43 trainee teachers were abducted and very likely murdered by a drug gang working with corrupt police in southwest Mexico last September.

A report by the National Human Rights Commission (CNDH) said the attorney general’s office, which has only identified the remains of one of the 43, still had not compiled basic information about the victims, who came from poor backgrounds.

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UPDATE 1-Mexico’s Femsa’s 2nd-qtr profit jumps 28 pct on retail unit

July 24, 2015

7/24/15 Reuters

Mexico consumes more Coca Cola per capita than any other country

Mexico consumes more Coca Cola per capita than any other country

Mexican retailer and bottling company Femsa on Thursday said its second-quarter profit rose 28 percent, driven by growth in its retail division which now includes a new venture into gasoline stations.

The company, which co-owns Coke bottler Coca-Cola Femsa and operates the Oxxo chain of convenience stores, reported a profit of 3.872 billion pesos ($247 million), compared to 3.018 billion pesos in the same quarter a year earlier.

Revenue grew 6 percent to 75.12 billion pesos.

In its retail division, sales increased by 31.4 percent as the company incorporated its new Oxxo gas operations and 258 net new Oxxo stores.

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Congressional testimony: Mexican energy reform

July 24, 2015

7/24/15 Energy Global

via Flickr - Dave Parker

via Flickr – Dave Parker

Below are highlights from the testimony given by Ambassador Carlos Pascual, Senior Vice President, IHS Inc. before the House Foreign Affairs Committee, Subcommittee on the Western Hemisphere regarding recent reforms to the energy sector in Mexico in the context of greater North American energy independence.

“Since 2012, Mexico has embarked on an historic opening of its energy sector to allow private investment and competition in the production, transit and sale of oil, gas and electricity, and in the coming years in retail markets as well. On July 15, Mexico completed the first tender since 1938 for the sale of hydrocarbon assets. Even though the results did not meet expectations, it formalised a process of opening the energy sector to private investment, and with that, the benefits that will eventually ensure from infusions of capital and technology. Mexico will benefit from these reforms, but so will American businesses and workers. North America can improve its energy security and play a more profound role in stabilising energy markets regionally and globally.”

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Headlines from Mexico

July 24, 2015

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1. Responsibility for the escape of Joaquin “El Chapo ” Guzman has been reduced to only three minor officials. Early Friday morning,  a federal judge in Guanajuato issued formal prison sentences to only three of the seven officials accused of being involved in the escape, and freed the remaining four on the grounds that there was no basis for any prosecution.

Read more: Reforma

2. The National Human Rights Commission (CNDH ) questioned why the PGR has not executed arrest warrants for people who are being investigated or might be involved in the Iguala case. In the report on the status of the investigation , presented yesterday , it was stated that the three most prominent suspects involved have had arrest warrants issued for them, but those warrants have not been executed.

Read more: Reforma, Jornada

3. Depreciation of the peso is not a risk for foreign debts held by mexico.  Its composition is very diversified ; 78 % is in the national currency, the rest is in dollars. The Exchange Commission monitors market liquidity and projects the maintenance of orderly, functioning states.

Read more: Jornada.

4. The Ministry of Social Development ( SEDESOL ) stressed that newly enacted social policies have successfully begun to diminish the level of extreme poverty from 11.5 to 11.4 million in the period 2012-2014 , according to measurements from the National Council for Evaluation of Social Policy ( CONEVAL ) .

Read more: El Universal

5.  Yesterday, NASA announced that its Kepler space telescope detected a planet in a habitable zone in the orbit of a Sun-like star, which makes it one of the best candidates for harboring extraterrestrial life. It’s formal name is Kepler 452b, band NASA has referred to it (informally) as Earth 2.o.

Read more: Excelsior


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