are facing scrutiny globally for alleged corruption after years of investigations into bribes of public officials in several countries in Latin America.
Mexico is the world's fourth-largest importer of refined oil products and a prominent buyer of natural gas and liquefied natural gas . Many foreign trading houses and oil companies buy Mexican crude from Pemex and also supply refined products or LNG for Mexican state companies. The primary reason for the increased scrutiny is that Pemex and its subsidiaries are worried about exposure to companies under investigation for corruption elsewhere, two of the sources said.Other Pemex units continue trading with the Geneva-based trader, another source said. Reuters was unable to determine the frequency and size of the trading relationship, but the Americas accounted for 31% of Trafigura's oil revenues in 2020.
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