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Pemex lawsuit targets U.S. firms in smuggling ring

Petroleos Mexicanos, the state-owned oil company, has accused BASF Corp., Murphy Energy Corp. and three other U.S. companies of knowingly buying stolen natural gas condensate from Mexican bandits, according to a lawsuit filed in Houston federal court. Pemex Exploracion y Produccion, the company's production unit, accused the U.S. companies of facilitating a black market in natural ...