Word: pemex
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MEXICO'S ATTORNEY GENERAL ISSUED A REPORT blaming the state-owned oil giant Pemex for the explosion last month that destroyed 20 blocks of downtown Guadalajara. Police indicted four Pemex executives, the mayor of Guadalajara and other officials and charged them with negligent homicide in connection with the blast, which killed 194 people. There had been many complaints about gas fumes, the report says, and on April 21 Guadalajara officials measured "up to 100% explosiveness" in the city's sewers. They told residents there was no reason to leave. The next day at least nine major explosions blew a swath...
...Mexico City in 1984 that killed at least 400 people. Fearing a repeat of the Guadalajara episode, last week officials evacuated sections of Mexico City and Saltillo after finding gas leaks there. The angry public mood in Mexico may give President Carlos Salinas de Gortari a chance to privatize Pemex, one of the last holdouts against his campaign to sell state-run industries...
...people regarded him as something of a Mexican Robin Hood. The enmity between Salinas and Hernandez dates back to the President's tenure as Secretary of Planning and Federal Budget in the administration of Miguel de la Madrid Hurtado. At that time, Salinas accused both the oil union and Pemex, the state oil company, of inefficiency...
...million bbl. a day, making Britain a net importer of oil for the first time since 1980. While Mexico's reserves should last well into the 21st century, its production is expected to stay flat for the next few years. Because of the shaky state of the Mexican economy, Pemex, the state-owned oil company, will probably be unable to make the investments needed to bolster oil production...
...helter-skelter pattern of devastation left the city studded with contrasts. The capital's tallest buildings, the Pemex Tower (46 stories) and the Latin American Tower (43 stories), both designed to sway flexibly during an earthquake, were untouched. Less than two miles away, between 50 and 60 employees of the TV network Televisa died when their five-story office building collapsed. About half a mile from that calamity, the nine-story Mexican Insurance Co. building was shattered. Next door, office workers lunched calmly last week at the unmarred Great Wall Chinese restaurant...