Pipeline Theft Falls in Brazil's Sao Paulo, as Petrobras Cracks Down
RIO DE JANEIRO (Reuters) — Transpetro, the logistics unit of Brazilian state-run oil firm Petrobras, registered a 60% decline in fuel theft at its pipelines in the state of Sao Paulo, it said on Friday, suggesting investment to diminish such crimes is paying off.
Sao Paulo, Brazil’s most populous state, is the epicenter of fuel robbery in the South American nation, and also the home of some its most sophisticated organized crime groups.
While the number of thefts from pipelines in Brazil pales in comparison to thefts in nations like Mexico and Colombia, it is growing fast. Last year, Reuters reported that Petrobras Transporte SA, as the unit is formally known, had set up an internal unit with 50 employees to study the issue.
Petrobras CEO Roberto Castello Branco said theft cost Transpetro over 150 million reais ($28.2 million) per year.
In a statement, Transpetro said that the number of robberies in Sao Paulo fell from 23 in April to nine in May, and 12 in the same period last year.
Transpetro said it had been working closely with prosecutors and police in Sao Paulo, who had recently dismantled two gangs active in fuel theft.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
Comments