Pemex

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Pemex

officially Petróleos Mexicanos

Mexico's state-owned oil company. In 1938 Pres. Lázaro Cárdenas nationalized 17 foreign oil companies to create Pemex, the largest Latin American petroleum company and a major world exporter of fossil fuel. Pemex engages in exploration, production, refining, transportation, storage, distribution, and sales of oil and natural gas. In the 1970s promising oil discoveries gave rise to a national spending spree, led by the flamboyant Pres. José López Portillo and financed by massive borrowing. Crude-oil production tripled, but when the international price of oil collapsed in 1981, López Portillo raised Mexican oil prices. The country was virtually bankrupt within one year. Economic reforms have since contributed to greater stability. At the turn of the 21st century, Pemex accounted for nearly 40% of the Mexican government's income.

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No references found			Additionally, the Senate is angry that Calderon has not fully implemented the energy reforms approved by the federal legislature in October 2008, including a directive that PEMEX lower its production costs. PRESIDENT FELIPE CALDERON, SENATE CLASH OVER ENERGY POLICY by SourceMex Economic News & Analysis on Mexico Mexican national oil company Pemex announced Tuesday it would build a new refinery in the central state of Hidalgo, investing 9. Mexico's Pemex to build $9.1 bln refinery by AFP / AFP Global Edition If the situation remains unchecked, in a decade Mexico could become an importer of crude oil, warns Pemex General Director Luis Ramirez Corzo. Slippery slope: despite high oil prices, lack of investment at ... by Rueda, Marisol / Latin Trade			pelvic fin pelvic girdle pelvic index pelvic inflammatory disease Pelvis pelviscope Pelycosauria Pelym pelyte PEM Pematangsiantar Pemba Pemberton, John Clifford Pembina County Pembina Oil Field Pembroke Pembroke College Pembroke Pines Pembroke Welsh corgi Pembroke, Aymer de Valence, earl of Pembroke, Mary Herbert, countess of Pembroke, Richard de Clare, 2d earl of Pembroke, William Herbert, 3d earl of Pembroke, William Marshal, 1st earl of Pembrokeshire Pemex Pemiscot County Pemmican pemphigoid Pemphigus pemphigus contageosus Pemzashen Pen pen computing pen drawing Pen Khva Kim Pen Name pen recorder pen tablet Pen Windows Pen, Iurii Pen, Iurii Moiseevich pen-based computer pen-based computing Pen-ch'i Pena, Lazaro Peña, Lazaro Penaeidea penal code Penal Codes of 1845 and 1885 penal colony			Pembrokeshire Local Action Network for Enterprise and Development Pembrokeshire Model Railway Club Pembrokeshire Modified Car Club Pembrokeshire Outdoor Charter Group Pembrokeshire Rail Travellers Association PEMBS PEMC PEMCO Pemco Aviation Group, Inc. Pemco World Air Services PEMD PEMD-I Pemda PEMDAS PEMDP PEME PEMED Pemegang Kuasa Usaha Ketenagalistrikan Pemerintah Daerah Pemerintah Darurat Militer Daerah Pemerintah Revolusioner Republik Indonesia Pemerintahan Darurat Republik Indonesia Pemetrexed Pemetrexed disodium Pemex PEMF PEMF PEMFA PEMFAR PEMFC PEMG PEMH PEMHCA PEMI pemican pemican pemican Pemilihan Peneliti Remaja Indonesia Pemimpin Perjalanan Kereta Api PEMINT pemirolast pemirolast potassium Pemiscot County Pemiscot County, Missouri Pemiscot County, MO PEMJ PEML PEMM pemmican pemmican pemmican Pemmican Proclamation Pemmican Proclamation Pemmican Proclamation PEMMON

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