Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico’s Pemex destroyed resources worth $342 million from two top fields

MEXICO CITY, Jan 18 (Reuters) - Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years up to August 2022 at two of its most important new fields, internal documents from the country's oil regulator showed.

The three documents, produced by the regulator and dated August 2022, detail how Pemex (PEMX.UL) destroyed resources worth $275 million from the Ixachi field in three years and $67 million from the Quesqui field in two years.

To calculate the value, the regulator used prices from non-public contracts . . .

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