Mexico's Drug Cartels Are Stealing Oil Again | WHAT REALLY HAPPENED

Mexico's Drug Cartels Are Stealing Oil Again

Fueled by copious sums of drug money, large cartels have taken control of large swathes of Mexico and for over a decade have been challenging the rule of law and the state.

The systemic theft of crude oil and derivative products, most notably the theft of gasoline, has long plagued Mexico’s hydrocarbon sector with it estimated that organized crime groups are earning up to $400 million annually from the theft of petroleum and refined products. The scale of the problem was highlighted by Mexico’s national oil company Pemex, estimating in early 2018 that oil theft was costing it more than $1.6 billion annually. Petroleum theft, including refined products, in the violence-driven Latin American country typically is performed using illegal pipeline taps. Dwindling petroleum output and heavy indebtedness along with rampant fuel theft was severely impacting the national oil company’s performance.

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