• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 47 mins Sources confirm Trump to sign two new Executive orders.
  • 16 mins CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 6 hours In a Nutshell...
  • 13 hours Why Wind is pitiful for most regions on earth
  • 9 mins No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 2 hours A Real Reality Check on "Green Hydrogen"
  • 24 hours During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 16 hours Why Oil could hit $100
  • 9 hours Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 4 hours Putin Paid Militants to Kill US Troops
  • 4 days Joe Biden to black radio host, "If you don't vote for me you ain't black". That's our Democratic Party nominee ?
  • 2 days Coronavirus hype biggest political hoax in history
Exxon May Finally Book Major Writedowns

Exxon May Finally Book Major Writedowns

ExxonMobil could write down the…

US Targets Mexican Oil Company Linked to Drug Cartel

US companies and individuals have been prohibited from doing business with Mexican oil company ADT Petroservicios and the company’s US assets have been frozen due to owner Francisco Antonio Colorado Cessa’s links to the Los Zetas drug-trafficking cartel.

Cessa is already in US custody and is awaiting trial on charges of money laundering. 

"By exposing this business of Francisco Antonio Colorado Cessa, which is tied to the violent Los Zetas group, we are depriving their organization of an avenue to launder their illicit proceeds," Adam Szubin, director of Treasury's Office of Foreign Asset Control, said in a statement carried by US news agencies.

Cessa was charged along with 13 others in a Texas federal court with money laundering for Los Zetas in a horse-trading scheme.

The Treasury Department’s sanctions come on the heels of the wounding of two CIA agents last week in Mexico City, when Mexican federal police ambushed the agents, spraying their armored van will bullets. The vehicle bore diplomatic plates and US officials believe the attack was deliberate and will have severe consequences for US-Mexican cooperation in the fight against drug cartels.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News