| CCTV America Investigates Mexican Region Known for Costly Oil Thefts Mike Kirsch - CCTV America | |
| go to original November 25, 2014 |
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CCTV America’s Mike Kirsch reported this story from Monterrey, Mexico. (CCTV America)
The Mexican government made moves earlier this year to open the country’s lucrative oil market to foreign investors. But as global firms plot their entry, Pemex, the state-run oil company, is looking to curb costly oil thefts.
CCTV recently traveled to what’s considered ground zero for oil thefts in Mexico in and around the region of Monterrey, in the state of Nuevo Leon, and the town of Reynosa on the US-Mexico border, in the state of Tamaulipas. Following Mexico’s recent oil reforms, this region has been opened up for the first time to foreign energy companies for hydraulic fracturing for billions in shale gas reserves discovered here.
Read the rest at CCTV America
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