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Pierced the world's first oil well
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The Mexican government promoted conditions that favored foreign investments.
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Sprouts out of control with an unprecedented force of 100,000 barrels a day. Although a fire almost finished with all its production, this well definitively demonstrated the oil wealth of the country
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The boom in production has repercussions on the expansion of Doheny and Pearson companies. Mexican oil exports to the United States, Europe and Latin America begin.
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A growing number of oil companies, including La Corona Oil Company, Transcontinental Oil Company, Penn Mex Fuel Company and Mexican Gulf Oil Company
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In order to produce anhydrous ammonia, distribute and apply fertilizers.
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New discoveries of oil and gas in the producing areas of Tampico, Reynosa and Poza Rica.
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It provides for the creation of four decentralized subsidiary bodies and establishes the basic guidelines for defining the attributions of Petróleos Mexicanos.
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Achieved crude output of 1 043 million barrels, "the highest volume in the history of Petróleos Mexicanos." Of this amount 74.6% corresponded to the marine regions of the northwest and southeast.
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PEMEX did not have sufficient funds for comprehensive modernization or costly exploration of new fields with development potential
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The annual production of crude oil in Mexico increased to 1 237 million barrels, highlighting in this area the field of the Cantarell complex.
