Petroleum industry in Mexico | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-02

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Petroleum_industry_in_Mexico


00:01:13 1 History
00:01:23 1.1 Development of the oil industry in Mexico before 1938
00:10:09 1.2 1938 expropriation
00:14:11 1.3 International reaction to expropriation
00:16:37 1.4 Boycott
00:18:48 1.5 World War II
00:20:58 1.6 Post-nationalization
00:24:32 2 Oil production
00:31:10 3 Environmental impacts
00:37:07 4 See also



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SUMMARY
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The petroleum industry in Mexico makes Mexico the eleventh largest producer of oil in the world and the thirteenth largest in terms of net exports.  Mexico has the seventeenth largest oil reserves in the world, and it is the fourth largest oil producer in the Western Hemisphere behind the United States, Canada and Venezuela. Mexico is not a member of the  OPEC (the Organization of Petroleum Exporting Countries) or any petroleum production related organizations, but since 1994 it is a member of the North American Free Trade Agreement.
The petroleum sector is crucial to the Mexican economy; while its oil production has fallen in recent years, oil revenues still generate over 10% of Mexico's export earnings. High taxes on the revenues of Pemex provide about a third of all the tax revenues collected by the Mexican government.