Pemex, Latin America’s biggest oil producer, was employing 1,144 security personnel across 288 sites to prevent oil theft and smuggling in 2011.
Between 2001 and July 2011, the company found 97 employees who were involved in fuel theft and oil smuggling. Aside for internal theft, Pemex has filed over 2,600 formal complaints with the government of Mexico for fuel theft between the year 2000 and August 2010.
In the first quarter of 2011, the company lost $250 Million to theft.
Source: Mica Rosenberg, “Pemex counts 100 workers linked to Mexico fuel thefts,” Reuters, July 25, 2011.
Source: Heather Walsh, “Pemex to Hire More Guards to Reduce Theft, El Universal Reports,” Bloomberg, August 6, 2011.