02/10 Closing Prices / revised 02/11/2025 08:11 GMT | 02/10 OPEC Basket  $77.22 +$0.51 cents | 02/10 Mexico Basket (MME)  $68.27 +$1.12 cents | 12/31 Venezuela Basket (Merey)  $61.13   +$1.55 cents  02/10 NYMEX Light Sweet Crude  $ 72.32 +$1.32 cents | 02/10 ICE Brent  $75.87 +$1.21 cents  02/10 Gasoline RBOB NYC Harbor  $2.1042 0.0008 cents 02/10 Heating oil NY Harbor  $2.4509 +0.0201 cents | 02/10 NYMEX Natural Gas  $3.444 +0.135 cents | 02/07 Baker Hughes Rig Count (Oil & Gas) 586 +4 | 02/11 USD Dollar/MXN 20.6580 (data live) 02/11 EUR/USD Dollar  $1.0304 (data live)  02/11 US/Bs. (Bolivar)  $60.54280000 (data BCV) Source: WTRG/MSN/Bloomberg/MarketWatch/Reuters

Baker Hughes Says Probe of AMLO Son’s Home Found No Wrongdoing

The home rented by President Andres Manuel Lopez Obrador’s son (GH)

Max de Haldevang and Amy Stillman, Bloomberg New

MEXICO CITY
EnergiesNet.com 02 24 2022

U.S. oil service provider Baker Hughes Co. said Monday an external audit found no irregularities after a former executive rented his luxury home to the eldest son of Mexico’s president.

The company hired the R. McConnell Group to conduct an audit and send the results to Petroleos Mexicanos, said Bob Perez, Baker Hughes Mexico head, at a press conference held by Pemex’s chief executive officer Octavio Romero Oropeza on Monday. 

The home rented by President Andres Manuel Lopez Obrador’s son became the focus of an alleged conflict of interest scandal after a report the Texas mansion belonged to Keith Schilling, a former executive of Baker Hughes, which is one of the top oil service providers of Pemex.

The non-profit civil association Mexicans Against Corruption and news outlet Latinus said that Jose Ramon Lopez Beltran, the president’s 40-year-old son, has lived in recent years in two homes in Texas, each worth nearly $1 million. The scandal has reached AMLO, as the president is known, who has lashed out at the media for comparing the case with previous scandals involving Mexican politicians.

Schilling rented the house independently, without the participation or knowledge of Baker Hughes, the R. McConnell Group said in a press statement on the findings. The McConnell investigation found that in July 2019, Lopez Beltran’s wife Carolyn Adams rented the property and didn’t mention that Lopez Beltran would reside there.

Mexico President Says Son’s Home Scandal Unrelated to Government

Schilling left Baker Hughes December 2019. He worked in the North America group that doesn’t include Pemex, and Perez said the company has no control or influence over the house or decisions made by Schilling.

Perez emphasized Schilling didn’t work on matters related to Mexico.

bloomberg.com 02 23 2022

Share this news

Leave a Comment


 EnergiesNet.com

About Us

 

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas,
Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2024, Petroleumworld.com
, EnergiesNet.com™  /
Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the materia

 

Energy - Environment

No posts found!

Point of View

EIA Total Energy Review
This Week in Petroleum