This past week the government of Mexico stepped out of its comfort zone and offered by auction 14 of its oil exploration fields. Perhaps low oil prices kept heavy hitters from bidding. Mexico sold only two oil fields. Others conjecture that bidders did not want to pay the government’s minimum prices.
In spite of decades of poor performance, the government’s oil company, known as Pemex, has survived. In recent years, Pemex, however, has been brought to its knees by falling prices and thefts by drug cartels.
The two parcels sold in the auction went to Sierra Oil and Gas, a Mexican owned-company. They purchased two shallow water fields. Bidders were promised a 30-year contract. Those who registered but did not bid, included ExxonMobil, Chevron, Statoil from Norway, and ONGC Videsh Limited from India.
This is just the first step in the auctioning plans for Mexico’s oil and mineral resources. More than 169 fields are available and are expected to be auctioned over the next several years.
For some time now, www.thrillersontheborder has been reporting about the emerging New Generation Cartel, which is proving to be more deadly and outrageous than El Chapo’s well-oiled organization ever was. Nemesio Oseguera Cervantes, or El Mencho, has risen in power in the world of Mexican narcotrafficking, by doing whatever it takes to grab control. He is nimble and smart, and fully taking advantage of the expansion of the drug supply chain from heroin to meth, and from the United States to China and Europe.
While El Mencho hasn’t received as much coverage outside of Mexico, the Mexican and U.S. governments are taking him very seriously. The U.S. government, which froze his assets in April, reports that El Mencho did time in prison for conspiracy to distribute heroin.
For more information about El Mencho and the New Generation Cartel you can review some of this blogger’s previous stories, or click here for a very well written story by Meghan Walsh: http://news.yahoo.com/forget-el-chapo-meet-el-080000149.html
Guards at the Altiplano Federal Prison discovered during a routine check on Saturday that Guzman, known as “El Chapo,” was missing, a statement from the commission said.
You can read more about it here: http://www.cnn.com/2015/07/12/world/mexico-el-chapo-escape/index.html
Yahoo News is reporting that the Mexican government is instituting a number of reforms in prisons which includes the system that incarcerates individuals in the first place. By fall of 2015, changes will occur in the way trials are conducted, adding more due process for defendants. Another law taking effect is one that protects the rights of inmates, and upgrades the living standards within prisons.
The practice of placing every person in prison who has committed a crime is reportedly ending in Mexico because of prison overcrowding.