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Mexico fuel pipeline blaze kills 21, injures dozens

Every day Investopress editors bring you a selection of news from around the world so you keep up to date with the most important current events in politics, economy, natural disasters and more
posted onJanuary 19, 2019
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At least 21 people have been killed and 71 more injured on Friday in an explosion at an oil pipeline in central Mexico, authorities said.

It is believed the blast occurred after the line was ruptured by suspected oil thieves in the town of Tlahuelilpan, in Hidalgo state.

Footage on local television showed large flames and people at the scene with severe burns.

Mexican President Andres Manuel Lopez Obrador has launched a major crackdown on rampant fuel theft, known locally as "huachicoleo", which the government said cost the country more than $3 billion last year. 

Lopez Obrador expressed his concern on Twitter, and said he wanted “the entire government” to help people at the scene. 

UPDATE 19/01/2019 17:32

The death toll from the explosion has risen to 66, the governor of the state of Hidalgo said on Saturday according to Reuters.

UPDATE 20/01/2019 18:29

The number of people killed in the explosion has risen to 79, Mexico’s health minister said on Sunday according to Reuters.


Yellow Vests gather across France for tenth protest weekend

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“Yellow Vest” demonstrators gathered in the French capital on Saturday for their tenth consecutive weekend of protests despite the launch Tuesday of the government's 'national debate' aimed to find an answer to their grievances.

The protests began in mid-November over higher fuel taxes and have evolved into a broader movement against President Emmanuel Macron’s government and rising living costs.

The rallies have been marked by violent clashes between protesters and police and acts of vandalism around the country. Several people have died and hundreds injured since the protests began. 


Saudi Arabia to build refinery, petrochemical plants in South Africa

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Saudi Arabia plans to build an oil refinery that would use Saudi crude, as well as a petrochemical plant in South Africa, as part of US$10 billion investments, Saudi Energy Minister Khalid al-Falih said on Friday while on a visit to Pretoria.

Saudi oil giant Saudi Aramco will lead the construction of the oil refinery in South Africa, al-Falih said in comments following a meeting with South African Energy Minister Jeff Radebe.

“There have been exchanges of talks by Saudi Aramco teams and they have been supported by the South African energy ministry,” Reuters quoted Al-Falih as saying.

According to Radebe, the two countries will finalize in the next few weeks details about the exact locations of the oil refinery and petrochemical plant.


With reporting by Reuters and agencies 

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