Mexico's Pemex

Pemex (Petróleos Mexicanos) is Mexico's state-owned oil company, responsible for exploring, producing, refining, and selling oil and gas. It plays a central role in Mexico’s economy, generating revenue and employment. As a government enterprise, Pemex manages Mexico’s important hydrocarbon resources, navigating global energy markets. It has faced challenges like aging infrastructure, debt, and fluctuating oil prices, but remains crucial for Mexico’s energy independence and development.