Pemex

Mexico: HP fined in latest Pemex scandal

On April 9 the California-based technology company Hewlett-Packard (HP) announced that it was paying a $108 million fine to the US Justice Department and the US Securities and Exchange Commission (SEC) to end an investigation into subsidiaries in Poland, Russia and Mexico that allegedly paid bribes to officials. The HP subsidiaries "created a slush fund for bribe payments, set up an intricate web of shell companies and bank accounts to launder money, employed two sets of books to track bribe recipients, and used anonymous email accounts and prepaid mobile telephones to arrange covert meetings to hand over bags of cash," according to a statement by the Justice Department. HP said the corruption "was limited to a small number of people who are no longer employed by the company."

Mexico: bidding set to start on energy sector

After 75 years of state control over oil and gas production, the Mexican government is planning to open up about two-thirds of its reserves to bidding by private companies, according to information that Petróleos Mexicanos (Pemex), Mexico's state-owned oil monopoly, passed on to potential bidders on March 28. This is the first indication of what can be expected from President Enrique Peña Nieto's controversial "energy reform" program. Changes to the Constitution enabling the program were passed by Congress and a majority of states in December, over strong opposition from grassroots organizations and parties on the left; doubts about contracting out oil and gas exploitation increased following fraud allegations against a major Pemex contractor, Oceanografía SA de CV.

Mexico: Citigroup, Pemex mired in fraud scandal

Some 1,200 employees of the Mexican oil company Oceanografía SA de CV began blocking the four entrances to the Laguna Azul industrial dock in Ciudad del Carmen in the eastern state of Campeche early on the morning of March 7, disrupting the operations of at least 40 companies that provide services to Petróleos Mexicanos (Pemex), the government's giant oil monopoly. The workers were demanding payment of wages that have been held up since the government's Finance Secretariat took over the bankrupt company at the end of February after it became mired in allegations of fraud.

Mexico City barrio resists spread of car culture

On Christmas Day, some 500 riot police in Mexico's Federal District destroyed a protest encampment that had been maintained for months at San Pedro Márti barrio in Tlalpan delegation, on the southern outskirts of Mexico City. The camp, dubbed "Ixtliyolotl" for the indigenous place-name for the locale, was launched by supporters of the Movement of Neighborhods and Pueblos of the South, to oppose construction of a gas station along the highway linking Mexico City to Cuernavaca. Activists say the petrol station—being built by CorpoGas, which was spun off from state oil monopoly Pemex in 1982—has not received proper environmental review, and will accelerate the transformation of their neighborhod into a traffic-clogged commuter artery. Residents vow to continue the fight. (SeraPaz, Jan. 6; Desinformémonos, Jan. 5, translated by Angry White Kid; La Jornada, Dec. 25)

Mexico: fracking wins in disputed 'energy reform'

The Mexican Chamber of Deputies voted 353-134 on Dec. 12 to approve a series of constitutional amendments providing the groundwork for President Enrique Peña Nieto's controversial "energy reform." The Chamber's vote completed the amendments' passage through Congress, since the Senate had approved the measures on Dec. 10. The required ratification of the changes by 17 of the 32 state legislatures is considered certain, since the main sponsors of the "reform," the governing centrist Institutional Revolutionary Party (PRI) and the center-right National Action Party (PAN), dominate the majority of state legislatures.

Mexico: fight over 'energy reform' heats up

As of Dec. 8 the Mexican Senate was set to begin debates on President Enrique Peña Nieto's plan for opening up the state-owned oil and electric companies, Petróleos Mexicanos (Pemex) and the Federal Energy Commission (CFE), to greater participation by foreign and Mexican private companies. Supporters say the "energy reform" will bring needed capital investment and technical expertise to the energy sector, while opponents consider it a disguised plan for privatization, especially of oil production, which President Lázaro Cárdenas del Río (1934-1940) nationalized in 1938.

Mexico: protesters pledge to resist energy 'reform'

Some 40,000 teachers, union members and opposition activists took to Mexico City's streets Dec. 2 in a demonstration to mark the first anniversary of the inauguration of President Enrique Peña Nieto (PRI). The protesters joined a rally led by Peña Nieto's ex-challenger Andrés Manuel López Obrador, formerly of the left-opposition Party of the Democratic Revolution (PRD) and now heading a National Regneration Movement (Morena) to oppose the administration's economic policies. The teachers' union CNTE and electrical workers' SME were heavily represented as López Obrador led the march from the iconic Angel of Independence statue to the Zócalo, Mexico City's central plaza. A key issue at the rally was Peña Nieto's planned reform of the state oil monopoly Pemex, which protesters assailed as a privatization of the company. "We are here to avoid a big robbery," López Obrador told the crowd below a massive banner declaring "NO to the sale of Pemex!" Another banner addrressed to Peña Nieto read: "Sell your body. It's yours. The oil is mine." 

Mexico: thousands march against 'energy reform'

In the first street demonstration that former center-left presidential candidate Cuauhtémoc Cárdenas Solórzano has led since 2000, thousands of Mexicans marched in Mexico City on Aug. 31 to show their opposition to President Enrique Peña Nieto's plan for opening up the state-owned oil and electric companies, Petróleos Mexicanos (Pemex) and the Federal Energy Commission (CFE), to greater participation by foreign and Mexican private companies. The marchers set off from the Angel of Independence, a traditional starting point for Mexico City demonstrations, but they stopped short of the usual destination, the Zócalo plaza, which dissident teachers are occupying as part of a series of protests that have tied up various parts of the capital since Aug. 21. The education workers are protesting President Peña’s plans for teacher evaluations.

Syndicate content