New competitors in the energy business: Mexican cartels. Organized crime groups worldwide have diversified their activities to include the illegal sale of cultural goods, human organs, and even gold, according to the United Nations Office on Drugs and Crime (Spanish). For Mexican cartels, the preferred options are oil and gold.
Risky business: fracking in the Tampico region. The Tampico-Misantla region concentrates 57.8% of the hydrocarbons fields in the country. The study, "Hydraulic fracking in the northern mountains of Puebla”, points out the risks the technique could cause for public health in 13 municipalities in the area (Spanish).
Pemex's losses skyrocketed... In 2015, the state-owned company lost MXN712.5bn, according to the report delivered to the Senate. The value of assets decreased by 73.4% compared with 2014, due to lower oil prices and higher sales costs (Spanish).
…and so did CFE's debt. Last year, the company’s total debt rose to MXN432.4bn, an 18% increase from 2014, according to the annual report submitted to the Senate. The CFE reported its documented debt and debt financed by the private sector totaled MXN281.8bn, a 13% increase over the previous year (Spanish).
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