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Mexico: Rise in illegal oil siphoning leads to major losses

February 7, 2014 - 6:00am

The rate of oil theft is continuing to increase in Mexico, resulting in huge losses, Fox News reported.

In 2013, Petróleos Mexicanos discovered 2,614 illegal siphons on its pipelines, compared with 155 discovered in 2000, reports Mexican newspaper El Universal. James Bargent, of the security website Insight Crime, said oil theft has turned into "a large scale criminal operation carried out by major organized crime players."

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