The Mexican energy sector is under threat from organized crime groups stealing and smuggling hydrocarbons. The US Financial Crimes Enforcement Network has evidence of these groups operating along the Mexico-US border. They steal crude oil from Pemex, Mexico’s state-owned oil company, and sell it to US companies.
Pemex’s production has hit a 45-year low. The stolen oil is often sold to US companies that label it as used oil or hazardous material to avoid detection. This has resulted in significant losses for Pemex and exposed widespread corruption.
The Oil Theft Process
Criminals bribe Pemex employees or tap into pipelines to steal crude oil. They then transport it to areas controlled by their groups and sell it to US companies. These companies often operate in unregulated areas near the border.
The stolen oil is worth millions, and the profits are shared among the groups involved. This has led to violent clashes between gangs, threats to employees, and attacks on refineries.
Why Oil Theft is Lucrative
Pemex can’t process all the crude oil it produces, making it a target for thieves. Mexican refineries aren’t equipped to handle certain types of crude oil, so it’s sold to US companies that can process it. This creates an opportunity for organized crime groups to profit from the stolen oil.
The US has taken steps to combat oil theft by sanctioning companies and individuals involved. The goal is to protect national security and prevent environmental disasters.
A Joint Effort to Combat Oil Theft
Both Mexico and the US have a stake in stopping oil theft. Cooperation between the two countries is key to detecting and dismantling these criminal groups. Strengthening border surveillance and improving Pemex’s security will help prevent further theft.
The US and Mexico are working together to address the issue. By sharing intelligence and coordinating efforts, they can reduce the flow of stolen oil and bring those responsible to justice.