Pemex alleges bribes were used to win, keep Cadereyta refinery project -Pemex sues in U.S. for up to $1.5 billion under anticorruption laws -Pemex suit is related to $530 million sought by defendants in U.S. courts MEXICO CITY--Mexico's state-owned oil company Petroleos Mexicanos, or Pemex, is suing German conglomerate
Siemens AG (SI, SIE.XE) and South Korea's
SK Engineering & Construction Co. for as much as $1.5 billion in a U.S. district court for allegedly using bribery to win a 1997 refinery contract and to keep it after serious cost overruns, according to the lawsuit.
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