| | In 2005 Mexico was the world’s sixth-largest oil producer, its eighth-largest oil exporter, and the third-largest supplier of oil to the U.S. Oil and gas revenues provide more than one-third of all Mexican Government revenues. | | In 2005 Mexico was the world’s sixth-largest oil producer, its eighth-largest oil exporter, and the third-largest supplier of oil to the U.S. Oil and gas revenues provide more than one-third of all Mexican Government revenues. |
| − | Mexico’s state-owned oil company, Pemex, holds a constitutionally established monopoly for the exploration, production, transportation, and marketing of the nation’s oil. While private investment in natural gas transportation, distribution, and storage has been permitted, Pemex remains in sole control of natural gas exploration and production. Despite substantial reserves, Mexico is a net natural gas importer. | + | Mexico’s state-owned oil company, Pemex, holds a constitutionally established monopoly for the exploration, production, transportation, and marketing of the nation’s oil. While private investment in natural gas transportation, distribution, and storage has been permitted, Pemex remains in sole control of natural gas exploration and production. Despite substantial reserves, Mexico is a net natural gas importer. |