Pemex blast a cautionary tale but no investor deterrent

A deadly blast as workers fumbled with improvised wiring in a dark office basement filled with gas is the latest in a litany of disasters at state oil giant Pemex, but it won’t deter private firms hoping to cash in on an overhaul of Mexico’s oil industry.

The massive explosion that destroyed part of Pemex’s headquarters in Mexico City on January 31 killed 37 people and cast a glaring spotlight on the behemoth’s abysmal safety record.

via Business feed http://www.scmp.com/business/companies/article/1149336/pemex-blast-cautionary-tale-no-investor-deterrent