Correspondent, Mexico
Mica's Feed
Oct 3, 2011

Guatemalans live in fear again as drug gangs move in

COBAN, Guatemala (Reuters) – Fifteen years after the end of a brutal civil war in Guatemala that sent tens of thousands of people fleeing to Mexico, refugees are again camping at the border.

But these days they are running from a new kind of conflict — the occupation by drug traffickers of large swathes of Guatemala’s territory.

Sep 22, 2011

Bustling Mexico port new front in drugs war

MEXICO CITY (Reuters) – Draped near 35 bodies dumped in broad daylight close to the busy port of Veracruz was an ominous message to Mexico’s most violent drug cartel.

“This is going to happen to all you Zeta shits operating in Veracruz,” read the banner found on Tuesday in the Boca del Rio shopping district of Veracruz. “The territory now has a new boss.”

Sep 12, 2011

Retired general leads Guatemala vote, faces run-off

GUATEMALA CITY (Reuters) – A right-wing retired general promising a crackdown on rampant crime led Guatemala’s Sunday presidential election, although he fell short of the votes needed to avoid a run-off in November.

Silver-haired Otto Perez who promises to send troops into the streets to fight criminal gangs, won 36 percent support with almost all the votes counted, far short of the more than 50 percent needed for an outright first-round victory.

Sep 12, 2011

Retired general well-placed to lead Guatemala election

GUATEMALA CITY (Reuters) – Guatemalans anxious for relief from out-of-control crime voted for a new president on Sunday with right-wing retired general Otto Perez well-placed to take an early lead.

Very early results gave the 60-year-old head of the right-wing Patriot Party about 36 percent of the vote, after counting of just over 1 percent of the ballots.

Sep 11, 2011

Crime fears color Guatemala’s presidential vote

GUATEMALA CITY (Reuters) – Guatemalans anxious for relief from out-of control crime vote for a new president on Sunday with the leading candidates promising to crack down on gangs and drug cartels terrorizing the country.

A 60-year-old retired general, Otto Perez, is way ahead in polls after the ruling center-leftist party failed to field a candidate but he may fall short of the 50 percent of votes needed to avoid a November run-off.

Aug 31, 2011

Mexico should tap huge shale gas reserves-regulator

MEXICO CITY, Aug 31 (Reuters) – Mexico’s potential shale
gas resources are nearly as big as those in the United States
and the state oil company should use new private incentive
contracts to exploit them, the oil industry regulator said on
Wednesday.

Mexico holds the world’s fourth largest reserve of shale
gas — 681 trillion cubic feet (tcf) of technically recoverable
resources according to the U.S. Energy Information
Administration, or EIA — just behind China, the United States
and Argentina.

Aug 30, 2011

Mexico’s Pemex wants deep water tech in Repsol deal

MEXICO CITY, Aug 30 (Reuters) – Mexico’s state oil monopoly
Pemex said on Tuesday it aims to boost its access to top-end
technology to explore for oil in the deep waters of the Gulf of
Mexico by increasing its stake in Spanish oil firm Repsol.

Pemex also sees a financial advantage of doubling its stake
in Repsol to almost 10 percent, but has no intentions of taking
over the Spanish-controlled company, the Mexicans said.

Aug 25, 2011

Mexico coffee farmers shelter from risk behind hedges

CUETZALAN, Mexico (Reuters) – For generations, indigenous coffee farmers in the lush mountains east of Mexico’s capital sold their beans to middlemen without understanding the workings of the international coffee market.

Now some of those same farmers, tired of falling victim to wild price swings, have taken the unique step of learning the complexities of derivatives trading to hedge their risk.

Aug 19, 2011

Pemex counts 100 workers linked to Mexico fuel thefts

MEXICO CITY (Reuters) – More than 100 oil workers and contractors hired by Mexico’s state oil monopoly Pemex have aided criminal gangs stealing millions of barrels of fuel over the past decade, a document obtained by Reuters shows.

The corrupt workers collaborate with crime gangs, some with links to powerful drug cartels, to hijack tanker trucks or siphon gas, crude oil and jet fuel out of tens of thousands of miles (kilometers) of pipelines snaking across Mexico.

Aug 18, 2011

Mexico’s Pemex awards historic private oil contracts

MEXICO CITY/VILLAHERMOSA, Mexico, Aug 18 (Reuters) -
Mexico’s state oil monopoly Pemex awarded its first-ever
private oil-field operating contracts on Thursday as the
company seeks to kick-start foreign investment in the
nationalized energy sector.

British energy services firm Petrofac (PFC.L: Quote, Profile, Research, Stock Buzz) won the right
to operate two of the three mature oil fields up for grabs, and
Mexico’s Administradora de Proyectos de Campo (APC) won the
third.

    • About Mica

      "I cover commodities and general news in Mexico and Central America and as part of the team in Latin America reported on the outbreak of swine flu, a coup in Honduras and the earthquakes in Haiti and Chile. Before Mexico, I was based in Guatemala for two years."
    • Follow Mica