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Pemex is Latin America's second-largest company measured by revenues, according to a ranking of the region's 500 largest companies by Latin Business Chronicle, behind Brazilian oil company Petrobras. In June 2009, Pemex has asked for an extra $1.5 billion state aid to finance oil fields investments, reported Bloomberg.
After the publication of the findings, the oil companies threatened to leave Mexico and take all of their capital with them. The government entity in charge of the conflict between these companies and the union, the Junta Federal de Conciliación y Arbitraje (Federal Conciliation and Arbitration Board), was not able to make a decision quickly and the union declared a 24-hour strike in protest ...
As of Jan 2001, Mexico has approximately 10.42 billion barrels (1.657 × 10 ^ 9 m 3) in proven oil reserves. [49] In November 2006, Pemex reported that Cantarell has produced 11.492 billion barrels (1.8271 × 10 ^ 9 m 3) of oil. [50] Several oil fields have also been discovered in the Chicontepec Basin and neighboring Golden Lane.
The Mexican Petroleum Institute [2] (in Spanish: Instituto Mexicano del Petróleo, IMP) is a public research organization dedicated to developing technical solutions, conducting basic and applied research and providing specialized training to Pemex, the state-owned government-granted monopoly in Mexico's petroleum industry.
The Francisco I. Madero Refinery is an oil refinery located in Ciudad Madero, Tamaulipas, "founded in 1914 by the company El Águila", [1] is currently owned and operated by Pemex, and is one of six refineries of Mexico.
The union signed its first collective bargaining agreement with Pemex in 1942. [2] In 2001, it was discovered that funds from the union were being illegally diverted to the campaign of Francisco Labastida by the union chief Carlos Romero Deschamps in a scandal known as Pemexgate . [ 1 ]
Weetman Pearson, founder. Sir Weetman Pearson, Bart. (Viscount Cowdray from 1910) founded the company in 1909 to develop his investments in the Mexican oil fields.Pearson's interests in Mexico had begun in 1889 when he won a contract from the government of Porfirio Díaz for his civil engineering company, S. Pearson and Sons Ltd, to build the Gran Canal in Mexico City. [1]
Pemex Deer Park is an oil refinery located in Deer Park, Texas on the Houston Ship Channel in the Greater Houston area. It is owned and operated by Pemex . As of December 2017, the plant is the fourth-largest taxpayer [ 1 ] and the tenth largest employer [ 2 ] in Harris County .