Follow up: CFE will not cut Neza's power, but demands payment. After CFE turned off one water pumping facility, hundreds of neighbors and local authorities protested in front of the company's building (Spanish). CFE agreed not to cut the power of Neza's municipality while the city’s debt of MXN144m is being clarified and verified.
Radioactive material stolen! Six states are on alert and Mexican authorities are searching for a container stolen in central Mexico holding radioactive material which can be dangerous for human health if removed from the container (Spanish) (English). A political party proposed requiring companies to install location chips in such containers to prevent tragedies (Spanish).
A MXN271bn fraud hit Pemex's pension fund. The National Union of Technicians and Oil Professionals (Untypp) presented a complaint before the Superior Federal Auditor (ASF) alleging fraud in the Pemex workers’ Pension and Housing Liabilities Trust. The Untypp maintains the fund managers did not fulfill their legal obligations (Spanish).
Three new Pemex subsidiaries are in the red. Pemex Cogeneración ended 2015 with MXN47.4m in losses, Pemex Fertilizantes was down MXN223.9m, and Pemex Etileno wracked up losses of MXN1.4bn (Spanish). The subsidiaries, created last year, were responsible for MXN1.7bn of Pemex debt and congressmen asked for a meeting with Pemex's current and last director to clarify this issue.
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