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Showing posts with label Mexico. Show all posts
Showing posts with label Mexico. Show all posts

7.1-magnitude earthquake strikes southern Mexico

7.1-magnitude earthquake strikes southern Mexico

A magnitude 7.1 earthquake has struck in the Mexican state of Oaxaca, rattling buildings in the country’s capital more than 200 kilometers (124 miles) away, RT reported.
The tremor struck on Tuesday morning, with Mexico's National Seismological Service rating its strength at 7.1. The United States Geological Survey (USGS), meanwhile, recorded it as a 7.7 magnitude earthquake. Such a huge quake is classified as 'major', and can cause serious damage.




The USGS placed the quake's epicenter along the southern coastline of Oaxaca, yet its effects were felt as far inland as Mexico City. Videos taken in the capital show buildings and power lines swaying, as what sounds like dull explosions ring out in the background.


There were no immediate reports of casualties.
Photographs from the town of La Crucecita, just 20km from the epicenter, show streets strewn with rubble and damage to buildings.
In one Mexico City suburb, the seismic waves could be seen literally pulling the ground apart.

According to the USGS, around 18 earthquakes above magnitude 7 occur globally every year. The last such quake to strike Mexico hit Oaxaca in 2018, killing 14 people. One year earlier, the deadly Puebla earthquake struck 55km from Mexico City, killing 370 people and injuring more than 6,000, and leveling more than 40 buildings.

Mexico is one of the world’s most seismically-active regions, owing to its position atop several tectonic plates. As a result, the country experiences an average of 40 earthquakes every day, the majority of them minor. Mexico City, however, is built on a dry lake bed, and its soft soil amplifies the effects of any major tremors. RT
A magnitude 7.1 earthquake has struck in the Mexican state of Oaxaca, rattling buildings in the country’s capital more than 200 kilometers (124 miles) away, RT reported.
The tremor struck on Tuesday morning, with Mexico's National Seismological Service rating its strength at 7.1. The United States Geological Survey (USGS), meanwhile, recorded it as a 7.7 magnitude earthquake. Such a huge quake is classified as 'major', and can cause serious damage.




The USGS placed the quake's epicenter along the southern coastline of Oaxaca, yet its effects were felt as far inland as Mexico City. Videos taken in the capital show buildings and power lines swaying, as what sounds like dull explosions ring out in the background.


There were no immediate reports of casualties.
Photographs from the town of La Crucecita, just 20km from the epicenter, show streets strewn with rubble and damage to buildings.
In one Mexico City suburb, the seismic waves could be seen literally pulling the ground apart.

According to the USGS, around 18 earthquakes above magnitude 7 occur globally every year. The last such quake to strike Mexico hit Oaxaca in 2018, killing 14 people. One year earlier, the deadly Puebla earthquake struck 55km from Mexico City, killing 370 people and injuring more than 6,000, and leveling more than 40 buildings.

Mexico is one of the world’s most seismically-active regions, owing to its position atop several tectonic plates. As a result, the country experiences an average of 40 earthquakes every day, the majority of them minor. Mexico City, however, is built on a dry lake bed, and its soft soil amplifies the effects of any major tremors. RT

OPEC+ to continue negotiations for reaching consensus with Mexico

OPEC+ to continue negotiations for reaching consensus with Mexico

Mexico ready to cut oil production by 100,000 barrels for next two months — minister

The OPEC+ agreement to reduce oil production by 10 million barrels per day will be preserved despite Mexico’s withdrawal from the deal, sources told TASS on Friday.

"The deal is preserved, but the agreement is now conditional. I think we will try to win Mexico’s consent during the G20 talks on Friday," one of the sources said.

Another source confirmed this information, adding that the OPEC+ talks still continue.

A source taking part in the ongoing negotiations told reporters earlier on Friday that Mexican Energy Minister Rocio Nahle disagreed to the proposed OPEC+ oil cuts and left the video conversation, "enraged."

TASS sources also said the negotiations continued even after the Nahle withdrew from the conversation.

The OPEC+ talks in the format of a video conference began at 17:00 Moscow time on April 9 and continued overnight. TASS sources said that the participants agreed to cut their combined oil production by 10 barrels per day in May-June. However, during the discussion on each country’s quotas, Mexico rejected the proposed reduction of 400,000 barrels per day from the figures of October 2018.

One of the sources said Mexico disagreed with the basic level for the reduction. During the talks, Nahle argued that her country’s oil output was higher recently, and, therefore, the country should reduce less.

In line with the OPEC+ plan, Mexico was supposed to reduce its oil production from the basic figure of 1.75 million barrels per day. However, according to the International Energy Agency, the country produced 1.95 million barrels per day in the fourth quarter of 2019.

According to a statement issued after the talks, OPEC+ ministers expect to reach consensus with Mexico, which disagreed with proposed oil production cuts.

"The above agreement is conditional on the consent of Mexico, including volunteered adjustment in the attached tables," the statement says.

The secretariat also calls upon other oil producing nations to make their contribution into stabilizing the oil market.

"Participating Countries will meet on 10 June 2020 via webinar, to determine further actions, as needed to balance the market," the document says.

A discussion about terms proposed by Mexico is scheduled to take place within the framework of G20 talks, scheduled for 15:00 Moscow time on Friday, April 10.

After leaving the talks on Friday, Energy Minister Rocio Nahle said in a Twitter post that Mexico had offered reduce its oil production by 100,000 barrels per day for the next two months as part of the OPEC+ deal.

According to TASS sources, during Thursday’s talks OPEC+ nations suggested that Mexico reduce its oil production by 400,000 barrels per day.

Early on Friday, during the web conference of OPEC+ ministers, Nahle disagreed with the proposed cuts and

Mexico ready to cut oil production by 100,000 barrels for next two months — minister

The OPEC+ agreement to reduce oil production by 10 million barrels per day will be preserved despite Mexico’s withdrawal from the deal, sources told TASS on Friday.

"The deal is preserved, but the agreement is now conditional. I think we will try to win Mexico’s consent during the G20 talks on Friday," one of the sources said.

Another source confirmed this information, adding that the OPEC+ talks still continue.

A source taking part in the ongoing negotiations told reporters earlier on Friday that Mexican Energy Minister Rocio Nahle disagreed to the proposed OPEC+ oil cuts and left the video conversation, "enraged."

TASS sources also said the negotiations continued even after the Nahle withdrew from the conversation.

The OPEC+ talks in the format of a video conference began at 17:00 Moscow time on April 9 and continued overnight. TASS sources said that the participants agreed to cut their combined oil production by 10 barrels per day in May-June. However, during the discussion on each country’s quotas, Mexico rejected the proposed reduction of 400,000 barrels per day from the figures of October 2018.

One of the sources said Mexico disagreed with the basic level for the reduction. During the talks, Nahle argued that her country’s oil output was higher recently, and, therefore, the country should reduce less.

In line with the OPEC+ plan, Mexico was supposed to reduce its oil production from the basic figure of 1.75 million barrels per day. However, according to the International Energy Agency, the country produced 1.95 million barrels per day in the fourth quarter of 2019.

According to a statement issued after the talks, OPEC+ ministers expect to reach consensus with Mexico, which disagreed with proposed oil production cuts.

"The above agreement is conditional on the consent of Mexico, including volunteered adjustment in the attached tables," the statement says.

The secretariat also calls upon other oil producing nations to make their contribution into stabilizing the oil market.

"Participating Countries will meet on 10 June 2020 via webinar, to determine further actions, as needed to balance the market," the document says.

A discussion about terms proposed by Mexico is scheduled to take place within the framework of G20 talks, scheduled for 15:00 Moscow time on Friday, April 10.

After leaving the talks on Friday, Energy Minister Rocio Nahle said in a Twitter post that Mexico had offered reduce its oil production by 100,000 barrels per day for the next two months as part of the OPEC+ deal.

According to TASS sources, during Thursday’s talks OPEC+ nations suggested that Mexico reduce its oil production by 400,000 barrels per day.

Early on Friday, during the web conference of OPEC+ ministers, Nahle disagreed with the proposed cuts and

At least 19 killed in Mexico gang clash

At least 19 killed in Mexico gang clash

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Ciudad Juárez (Mexico) (AFP) - A gang battle in Mexico has left at least 19 people dead in the northern state of Chihuahua, officials said Saturday.

At least five armed clashes have occurred in the Madera community so far this year, local authorities have said.

"The state attorney general, in conjunction with the public safety office and Mexican Army, launched an operation to investigate and locate armed groups that staged a confrontation that left 19 people dead yesterday in the town of Madera," authorities said.

According to early reports, the bloodshed occurred Friday evening when alleged hitmen of the Gente Nueva group, part of the Sinaloa Cartel, were driving on a dirt road in Madera.

There they were ambushed by men from the opposing group La Linea, part of the Juarez Cartel.

Responding authorities seized 18 long firearms, one short, two vehicles and two grenades at the site of the clash.

The Mexican government has blamed the La Linea cartel for the massacre of nine Mexican-American Mormons last November when they were traveling on a rural road between the states of Sonora and Chihuahua, which borders the United States.


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Ciudad Juárez (Mexico) (AFP) - A gang battle in Mexico has left at least 19 people dead in the northern state of Chihuahua, officials said Saturday.

At least five armed clashes have occurred in the Madera community so far this year, local authorities have said.

"The state attorney general, in conjunction with the public safety office and Mexican Army, launched an operation to investigate and locate armed groups that staged a confrontation that left 19 people dead yesterday in the town of Madera," authorities said.

According to early reports, the bloodshed occurred Friday evening when alleged hitmen of the Gente Nueva group, part of the Sinaloa Cartel, were driving on a dirt road in Madera.

There they were ambushed by men from the opposing group La Linea, part of the Juarez Cartel.

Responding authorities seized 18 long firearms, one short, two vehicles and two grenades at the site of the clash.

The Mexican government has blamed the La Linea cartel for the massacre of nine Mexican-American Mormons last November when they were traveling on a rural road between the states of Sonora and Chihuahua, which borders the United States.


Run Away Ex-CEO of Mexican state oil firm arrested in Spain on corruption charges

Run Away Ex-CEO of Mexican state oil firm arrested in Spain on corruption charges

Ex-CEO of Mexican state oil company Pemex, Emilio Lozoya was arrested in Spain on corruption charges, Mexico's Attorney General's Office (FGR) confirmed on Wednesday.

The FGR "confirms Spanish authorities arrested Emilio 'L' in that country," the agency said via Twitter. Emilio Lozoya, who ran Pemex from 2012 to 2016, fled Mexico in mid-2019, after federal judges ordered his arrest, initially for embezzling public funds and later for having accepted bribes from Brazilian construction giant Odebrecht.

Lozoya was arrested in the southern Spanish city of Malaga on an arrest warrant issued by Mexico. "We have to make it very clear: he was arrested to be extradited," Attorney General Alejandro Gertz Manero said in an interview with local media.

The search for Lozoya began in Germany and continued through several European countries before concluding in Spain, said Gertz. He is accused of accepting some 10.5 million U.S. dollars in bribes from Odebrecht in exchange for Pemex contracts.

In plea deals with prosecutors in the United States, Odebrecht's top executives have admitted to running a multinational bribery scheme to secure lucrative government contracts.

Authorities said Lozoya's family members helped him hide the money trail. His mother Gilda Austin was arrested in Germany and charged in Mexico with depositing illicit funds in her bank accounts.

Ex-CEO of Mexican state oil company Pemex, Emilio Lozoya was arrested in Spain on corruption charges, Mexico's Attorney General's Office (FGR) confirmed on Wednesday.

The FGR "confirms Spanish authorities arrested Emilio 'L' in that country," the agency said via Twitter. Emilio Lozoya, who ran Pemex from 2012 to 2016, fled Mexico in mid-2019, after federal judges ordered his arrest, initially for embezzling public funds and later for having accepted bribes from Brazilian construction giant Odebrecht.

Lozoya was arrested in the southern Spanish city of Malaga on an arrest warrant issued by Mexico. "We have to make it very clear: he was arrested to be extradited," Attorney General Alejandro Gertz Manero said in an interview with local media.

The search for Lozoya began in Germany and continued through several European countries before concluding in Spain, said Gertz. He is accused of accepting some 10.5 million U.S. dollars in bribes from Odebrecht in exchange for Pemex contracts.

In plea deals with prosecutors in the United States, Odebrecht's top executives have admitted to running a multinational bribery scheme to secure lucrative government contracts.

Authorities said Lozoya's family members helped him hide the money trail. His mother Gilda Austin was arrested in Germany and charged in Mexico with depositing illicit funds in her bank accounts.

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