Oil Industry In Mexico
The petroleum industry in Mexico makes it the sixth largest producer of oil in the world and the tenth largest in terms of net export as of 2007. It is the second largest oil producer in the Western Hemisphere behind only the United States and just ahead of Canada. However, Mexico is not a member of OPEC or any petroleum production related organizations.
The oil sector is crucial to the Mexican economy; while its importance has been reduced in recent years, oil revenues generate over 10% of Mexico's export earnings.
Read more about Oil Industry In Mexico: History, Oil Production
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