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Petroleum industry in Mexico
The petroleum industry in Mexico makes Mexico the ninth largest producer of oil in the world and the eleventh largest in terms of net exports. It is the third largest oil producer in the Western Hemisphere behind the United States and Canada. Mexico has the eighteenth largest oil reserves in the world, and fourth largest in the Western Hemisphere behind Venezuela, Canada, and the United States. However, like the United States and Canada, Mexico is not a member of the Organization of Petroleum Exporting Countries OPEC 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.〔(Mexico Energy Data, Statistics and Analysis - Oil, Gas, Electricity, Coal )〕 High taxes on the revenues of the state oil monopoly Pemex provide about a third of all the tax revenues collected by the Mexican government.〔David Alire Garcia, (“Mexico to keep pumping Pemex for tax money despite promised reforms” ), Reuters, 30 Oct. 2013.〕
== History ==
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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