-
Continues to increase oil until it reaches the gasoline
-
The annual production of crude oil in Mexico increased to 1 237 million barrels, highlighting in this area the field of the Cantarell complex. However, it is reported by some national media that this giant field, regarded as the second largest worldwide, had begun its decline.
-
The international oil market faces a series of circumstances that caused high volatility in oil prices, at levels that had not been in place since the 1980s. The war in Iraq and other international conflicts were the root cause of volatility.
-
PEMEX Exploration and Production achieved crude production 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.
-
On July 15 the Executive decrees a new Organic Law of Petróleos Mexicanos and PEMEX experiences a corporate transformation of great importance.
-
PEMEX created the subsidiary company Petróleos Mexicanos Internacional Comercio Internacional, S.A. de C. V. (PMI), with the aim of establishing a modern and efficient organizational framework for the realization of international commercial activities and deriving from them the greatest possible economic benefit.
-
The drastic increase in gasoline and diesel imports reflects the orientation of national oil demand: not only did it grow very rapidly, but also increasingly directed towards light and intermediate distillates
-
The Mexican Institute of Petroleum is created.
-
PEMEX obtains a GBP 10 million loan (350 million pesos) from the British Petroleum Equipment Council to stimulate its oil program.
-
To stimulate the development of PEMEX, 500 million pesos are issued in stabilized bonds. Work is completed on the Tampico-Monterrey pipeline. It is obtained for the first time in Mexico oil of formations of the Jurassic period.
-
The most important gas and liquid hydrocarbon deposits, called "José Colomo", are discovered in the Macuspana district of Tabasco.
-
PEMEX announces the discovery of the extension of the "Golden Belt" in the field "Ezequiel Ordoñez". Some of its wells are located between the towns of Martinez de la Torre and Tecolutla, Veracruz.
-
Two new refineries are built in Salamanca and Reynosa that complement the 18 de Marzo refinery. Thus between 1938 and 1958, PEMEX increased the total primary distillation volume by 315% and production based on catalytic disintegration by 369%.
-
The "Francisco Cano" field is discovered, an oil producer in the "Northeastern Border" area, which includes part of the states of Tamaulipas and Nuevo León.
-
In November, the new facilities of the Azcapotzalco refinery (hereafter known as "18 de Marzo") will be inaugurated, with the capacity to process 50,000 barrels a day of crude oil.
-
The discovery of the Misión field, located in the north of the country, boosts the production of natural gas in Mexico. The annual production of crude oil from the Mexican fields had been 43.5 million barrels and total hydrocarbon reserves, which included crude oil and natural gas, amounted to 1 276 million barrels.
-
The imbalance between domestic supply and demand makes Mexico a net importer of petroleum products (gasoline, grease and lubricating oils). The US government, through the Eximbank, makes a loan to Mexico of $ 10 million for the expansion of the Azcapotzalco refinery and the production of high-octane gasoline required in aviation
-
PEMEX's total annual production declines notably to 35.1 million barrels (14.8 million less than in 1937).
-
PEMEX creates the Exploration Department to reverse the downward trend in production.
-
PEMEX is reformed as a single entity that vertically takes charge of the entire oil industry, from the exploration activities to the final sale to the consumer. National hydrocarbon reserves fall from 1 270 to 1.25 billion barrels.
-
The Board of Conciliation and Arbitration issues an award in which it terminates the employment contract in force between companies and the STPRM. Immediately the businessmen manifest to the president Lazaro Cárdenas their desire to fulfill the sentence of the Supreme Court that forces them to raise the wages of the workers.
-
Faced with the need for more efficient control over the oil industry, the government created an organization that depended directly on the Executive, the General Administration of National Petroleum (AGPN), to which it transferred the properties of PETROMEX.
-
Government workers 'policies ensure that the various groups of oil workers are merged into a single union: the Oil Workers' Union in the Mexican Republic (STPRM).
-
The project of a national oil company took shape with the creation of Compañía Petróleos de México, S. A. (PETROMEX), a company with mismanagement and private investors. The new company replaced the Control of National Petroleum Administration (CAPN) and had as main objectives to regulate the domestic market of oil and refined; Ensuring internal supply (especially for the needs of government and railways); And training Mexican personnel.
-
The project of a national oil company took shape with the creation of Compañía Petróleos de México, S. A. (PETROMEX), a company with mismanagement and private investors. The new company replaced the Control of National Petroleum Administration (CAPN) and had as main objectives to regulate the domestic market of oil and refined; Ensuring internal supply (especially for the needs of government and railways); And training Mexican personnel.
-
The El Aguila Oil Company refinery in Azcapotzalco with a capacity of 7,500 barrels per day is inaugurated and is supplied directly from Tuxpan by a 500 km oil pipeline.
-
The Huasteca Petroleum Company builds the first gas pipeline of the republic, which goes from Cerro Azul to Mata Redonda, where natural gas is used as fuel
-
During the government of Plutarco Elías Calles promulgated the Regulatory Law of Article 27 Constitutional in the Oil Branch and created by decree the Control Unit of National Petroleum Administration to replace the Department of Oil.
-
The production crisis and the fall in international prices led companies to reduce their production rate to a minimum and concentrate on the domestic derivatives market, pending a further rise in prices
-
There is a collapse of international oil prices as the large deposits of Texas, California and Oklahoma are discovered. The Mexican government issues a decree that establishes an export tax on crude oil and oil products to be covered in domestic gold or public debt bonds.
