Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Mexico: Rise in illegal oil siphoning leads to major losses

February 07, 2014 Reprints

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."

1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Munich Re names new regional chiefs
3. Tycoon gets death sentence for multi-billion-dollar fraud
4. UAE flash floods likely to be manageable for insurers
5. Chinese drone maker suffers major data breach
6. Inflation drives 10% increase in sum insured for windstorms

Help

Mexico: Rise in illegal oil siphoning leads to major losses

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources