UN General Assembly
1977

21. In this respect, it is well known that Mexico's proven oil reserves are such that it ranks thirteenth among the 68 oil-producing countries of the world, and if probable reserves are taken into account, it will eventually rank tenth. In May 1977, we produced 1 million barrels a day and we exported one sixth of our production. The reserves-to-production ratio is 27 years, higher than the international rate, aside from any of the expected new discoveries In other words, Mexico will become a relatively important oil producer in the world. At the end of this year, Mexico will be exporting 290,000 barrels per day, after internal consumption has been adequately covered. By 1982, it will be producing large quantities of gas from newly discovered oil fields. In short, Petroleos Mexicanos contributes to the "Alliance for Production" and materially assists the economic liberation of Mexico. 22. The Sixth factor is that Mexico has also other important sources of energy, and their rational exploitation is currently being studied.