Welcome to the Reuters.com BETA. Read our Editor's note on how we're helping professionals make smart decisions.
Read more
Sign In
June 25, 20211:36 AM PDTLast Updated a month ago
Mexico wants Vitol to reveal name of Pemex official who received bribes
Adriana Barrera

2 minute read
A logo of the Mexican state oil firm Pemex is pictured during a visit of Mexico's president, Andres Manuel Lopez Obrador, at Cadereyta refinery, in Cadereyta, on the outskirts of Monterrey, Mexico August 27, 2020. REUTERS/Daniel Becerril/File Photo
MEXICO CITY, June 24 (Reuters) - Mexico wants Dutch energy giant Vitol (VITOLV.UL) to reveal the name of the state oil company official to whom Vitol paid bribes, President Andres Manuel Lopez Obrador said on Thursday.
Petróleos Mexicanos, known as Pemex, is reviewing its contracts with Vitol in search of better terms after the company admitted to paying bribes in Mexico to win business. The Dutch firm has offered Pemex (PEMX.UL) $30 million as compensation for damages.
"Hopefully they will stop trying to solve the problem without saying who the official was who asked them for money," López Obrador said in his morning press conference.
"We want the name of the person who supposedly received the money," he said.
At the end of last year, Vitol agreed to pay $164 million to U.S. and Brazilian authorities after admitting it bribed officials in Mexico, Brazil and Ecuador between 2015 and 2020 to obtain and retain business with state oil companies in those countries.
A Pemex source said the company has insisted from the beginning on knowing the name of the officials involved in the bribery in order to take corrective measures, but could not specify whether this issue is key to reaching an agreement with Vitol on the compensation of damage.
A Vitol representative could not immediately be reached for comment.
In March, Pemex CEO Octavio Romero told Reuters that in its review of the Vitol contracts the company will look for irregularities and try to eliminate conditions it considers unfavorable. He added that if an agreement is not reached, work with the energy marketer will stop.
Reporting by Adriana Barrera in Mexico City Editing by Matthew Lewis
Our Standards: The Thomson Reuters Trust Principles.
More from Reuters
Play video on original page
Read Next
U.S. electric vehicle backers say infrastructure bill falls short
2:54 PM PDT
Texas power grid lowers demand forecast for Friday heat wave
1:02 PM PDT
Oil climbs, notches fourth monthly gain on growing demand
12:57 PM PDT
Entergy seeks to build natgas/hydrogen power plant in Texas
12:29 PM PDT

Sign up for our newsletter
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Energy · 12:29 PM PDT
Entergy seeks to build natgas/hydrogen power plant in Texas
U.S. electric company Entergy Corp (ETR.N) wants to build a power plant in Texas capable of burning a combination of natural gas and hydrogen as more consumers seek to transition from dirty fossil fuels to carbon-free sources of energy.
Virus variant threatens to cool oil demand recovery
8:49 AM PDT
Exxon profit tops estimates on boost from chemicals, oil prices
8:51 AM PDT
OPEC July oil output hits 15-month high as demand recovers, survey shows
6:37 AM PDT
U.S. oil services firm Baker Hughes to buy back $2 billion in shares
8:55 AM PDT
About Reuters
About Reuters
Reuters News Agency
Brand Attribution Guidelines
Reuters Leadership
Reuters Fact Check
Reuters Diversity Report
Stay Informed
Download the App
Information you can trust
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Follow Us
Thomson Reuters Products
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Refinitiv Products
Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface.
Refinitiv Data Platform
Access to real-time, reference, and non-real time data in the cloud to power your enterprise.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
Advertise With Us
Advertising Guidelines
Terms of Use
Site Feedback

All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved