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Pemex dismisses employee for conflict of interest in awarding contracts

Pemex has fired an employee for alleged conflict of interest in the management of service contracts at some of its oil well operations.

Mexico’s state-run oil firm axed Jose Aroldo de Hoyos for allegedly managing a $27 million contract for the installation of flexible tubing at oil wells while he was also serving as partner at a company that was subcontracted to work on the project.

The company said that de Hoyos, who worked in the exploration and production unit, should have recused himself from overseeing the contract award.

Pemex has been battling to clear its image after years being plagued by suspicions of corruption in its business dealings.

More than 100 Pemex contracts signed between 2003 and 2012 and worth nearly $12 billion were flagged by a federal audit office as having serious problems, but Pemex rarely acted on the warnings.

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Published on:
August 7, 2015
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