PW
Español

 

PW
Guyana
Surinam


PW
Trinidad

& Tobago
Caribbean

 

Prices
Graphics

 




Very usefull links



PW
Bookstore





Blogspots

The Global Barrel

Tiempo Culural

Gustavo Coronel

Iran Watch.org

Le Blog des
Energies Nouvelles

News Links

AP

AFP

Aljazeera

Dow Jones

Reuters

Bloomberg

Views and News
from
Norway

 

PW
Bookstore

 

 

 

Trafigura Mexico permits on hold
due to fuel smuggling -AMLO

Bloomberg

Mexican President Andrés Manuel López Obrador affirmed this Monday that there would be some foreign companies involved in the transport of stolen fuel, in an activity known as ‘huachicoleo’ in the Latin American country.-Bayl.eu

- Five fuel permits given to Trafigura were revoked in September
- A presidential spokesman said Trafigura is under investigation


By Amy Stillman / Bloomberg

MEXICO CITY
Petroleumworld 10 12 2021


Mexico President Andres Manuel Lopez Obrador said that Trafigura Group had fuel-import contracts suspended because it allegedly transported contraband fuel amid a government-led crackdown on private energy companies.

The international commodity trader is under investigation by Mexico’s Attorney General’s Office, or FGR, for its suspected connection to a fuel smuggling operation, according to Jesus Ramirez, a spokesperson for the Mexican president.

Under the Lopez Obrador administration, Mexico has awarded fewer import permits and sought legislative changes to give state-owned oil company Petroleos Mexicanos greater control over fuel, which it says is part of efforts to tackle corruption and tax evasion. Trafigura had five permits for gasoline, diesel and jet fuel rescinded in September by the country’s energy regulator without explanation.

“Recently among these famous international companies it was discovered that they are transporting contraband fuel, and Trafigura had its import permit suspended,” the president said during a press briefing on Monday.

“Trafigura strongly denies that it is or has been improperly transporting or delivering fuel into Mexico,” a Trafigura spokesperson said in an emailed response to questions. “Trafigura complies with applicable laws and regulations in the jurisdictions in which it operates, including Mexico. Trafigura has provided documents and evidence of compliance with applicable requirements to the relevant authorities and will continue to work with the authorities to clarify this situation.”

Previously, government officials said Pemex won’t give new work to Trafigura for at least the remainder of Lopez Obrador’s six-year term due to investigations. Other commodity trading houses are also under review.

Trafigura is among a number of top commodity traders that have faced bribery and corruption investigations in a worldwide probe that has spanned jurisdictions from the U.S. and Switzerland to Brazil and Mexico.

The Mexican government says that private companies are bringing in fuel without paying proper taxes, and it has stationed military personnel at several border customs offices. Critics argue the crackdown is just a government effort to grab more market share for Pemex after its sales suffered following market reforms in 2013 and 2014.

Lopez Obrador said that naval forces apprehended a tanker carrying contraband fuel and the case is under investigation by the attorney general. Last month, Mexican news site Contralinea reported that Mexican intelligence agencies were investigating Trafigura.
_____________

By Amy Stillman from Bloombergb News

bloomberg.com /10 11 2021

TOP

Contact: editor@petroleumworld.com,


Editor & Publisher:Elio Ohep /
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2021, Elio Ohep A. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2021, Petroleumworld   / Elio Ohep - All rights reserved

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.