18 Facts About Pemex

Pemex is the Mexican state-owned petroleum company managed and operated by the Mexican government.

Pemex is the seventh most polluting in the world according to The Guardian.

Pemex is famous in saying in his speech addressing the nation,.

Pemex framed expropriation as a necessary national response to the injustice of the operations of foreign companies operating on Mexican soil.

In spite of the early boycott, Pemex developed into one of the largest oil companies in the world and helped Mexico become the fifth-largest oil exporter in the world.

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Pemex has never produced 4 MMBPD or higher for a yearly average.

Pemex was replaced as Latin America's largest company by Petrobras, according to a Latin Business Chronicle ranking of Latin America's Top 500 companies.

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.

Pemex's comments came after Petrobras and London-based BP said they made a "giant" oil find of as much as 3 billion barrels in the Gulf of Mexico, southeast of Houston.

In January 2014, Pemex signed a cooperation agreement with the Russian oil company Lukoil focusing on oil production and field exploration as well as exchange of knowledge in the aforementioned areas, including actions for ecological preservation and environmental protection.

Proponents of Calderon's energy policy stated that Pemex lacks the equipment, technology and financial means to explore for new reserves in deep water or shale gas; hence, a reform to Mexican law is needed.

Pemex said it will delay deepwater exploration plans and cut jobs in response to weak oil prices.

Taxes on Pemex revenue provide about a third of all the tax revenues collected by the Mexican government.

Pemex spent $100 million to clean up the spill and avoided most compensation claims by asserting sovereign immunity as a state-run company.

Pemex was blamed for a series of 1992 gas explosions in Guadalajara.

Pemex Director Juan Jose Suarez said that there was "no evidence that it was a deliberate incident, or some kind of attack".

Pemex has a long history of alleged violation of human and labour rights regarding engineers, unrightfully considered to be "trusted workers" who have tried to unionize since 1995 and succeeded, after several repression episodes, in doing so in 2008 and 2009, although at a high human cost.

Pemex was said to be receiving too much pressure from EPN and Lozoya to stop the investigation.