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PEMEX
Pemex (a portmanteau of Petróleos Mexicanos, which translates to ''Mexican Petroleum'' in English; ) is the Mexican state-owned petroleum company managed and operated by the Mexican government. It was formed in 1938 by nationalization and expropriation of all private oil companies in Mexico at the time of its formation. Pemex had total assets worth $101.8 billion in December 2019 and as of 2009 was Latin America's second largest enterprise by annual revenue, surpassed only by Petrobras (the Brazilian national oil company). The company is the seventh most polluting in the world according to ''The Guardian''. History Asphalt and pitch had been worked in Mexico since the time of the Aztecs. Small quantities of oil were first refined into kerosene around 1876 near Tampico. By the early 20th century, commercial quantities of oil were being extracted and refined by subsidiaries of the British Pearson and American Doheny companies and had attracted the attention of the Mex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mexican Oil Expropriation
The Mexican oil expropriation ( es, expropiación petrolera) was the nationalization of all petroleum reserves, facilities, and foreign oil companies in Mexico on March 18, 1938. In accordance with Article 27 of the Constitution of 1917, President Lázaro Cárdenas declared that all mineral and oil reserves found within Mexico belong to "the nation", i.e., the federal government. The Mexican government established a state-owned petroleum company, Petróleos Mexicanos, or PEMEX. For a short period, this measure caused an international boycott of Mexican products in the following years, especially by the United States, the United Kingdom, and the Netherlands, but with the outbreak of World War II and the alliance between Mexico and the Allies, the disputes with private companies over compensation were resolved. The anniversary, March 18, is now a Mexican civic holiday. Background On August 16, 1935, the Petroleum Workers Union of Mexico (''Sindicato de Trabajadores Petro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lázaro Cárdenas
Lázaro Cárdenas del Río (; 21 May 1895 – 19 October 1970) was a Mexican army officer and politician who served as president of Mexico from 1934 to 1940. Born in Jiquilpan, Michoacán, to a working-class family, Cárdenas joined the Mexican Revolution and became a general in the Constitutionalist Army. Although he was not from the state of Sonora, whose revolutionary generals dominated Mexican politics in the 1920s, Cárdenas was hand-picked by Plutarco Elías Calles, Sonoran general and former president of Mexico, as a presidential candidate and won in the 1934 general election. After founding the National Revolutionary Party (PNR) in the wake of the assassination of president-elect Álvaro Obregón, Plutarco Elías Calles had unofficially remained in power during the Maximato (1928–1934) and expected to maintain that role when Cárdenas took office. Cárdenas, however, out-maneuvered him politically and forced Calles into exile. He established the structure of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Netherlands
) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherlands , established_title2 = Act of Abjuration , established_date2 = 26 July 1581 , established_title3 = Peace of Münster , established_date3 = 30 January 1648 , established_title4 = Kingdom established , established_date4 = 16 March 1815 , established_title5 = Liberation Day (Netherlands), Liberation Day , established_date5 = 5 May 1945 , established_title6 = Charter for the Kingdom of the Netherlands, Kingdom Charter , established_date6 = 15 December 1954 , established_title7 = Dissolution of the Netherlands Antilles, Caribbean reorganisation , established_date7 = 10 October 2010 , official_languages = Dutch language, Dutch , languages_type = Regional languages , languages_sub = yes , languages = , languages2_type = Reco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constitution Of 1917
The Constitution of Mexico, formally the Political Constitution of the United Mexican States ( es, Constitución Política de los Estados Unidos Mexicanos), is the current constitution of Mexico. It was drafted in Santiago de Querétaro, in the State of Querétaro, by a constituent convention, during the Mexican Revolution. It was approved by the Constituent Congress on 5 February 1917. It is the successor to the Constitution of 1857, and earlier Mexican constitutions. "The Constitution of 1917 is the legal triumph of the Mexican Revolution. To some it is the revolution." The current Constitution of 1917 is the first such document in the world to set out social rights, serving as a model for the Weimar Constitution of 1919 and the Russian Soviet Federative Socialist Republic Constitution of 1918. Some of the most important provisions are Articles 3, 27, and 123; adopted in response to the armed insurrection of popular classes during the Mexican Revolution, these articles di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1917 Constitution Of Mexico
The Constitution of Mexico, formally the Political Constitution of the United Mexican States ( es, Constitución Política de los Estados Unidos Mexicanos), is the current constitution of Mexico. It was drafted in Santiago de Querétaro, in the State of Querétaro, by a constituent convention, during the Mexican Revolution. It was approved by the Constituent Congress on 5 February 1917. It is the successor to the Constitution of 1857, and earlier Mexican constitutions. "The Constitution of 1917 is the legal triumph of the Mexican Revolution. To some it is the revolution." The current Constitution of 1917 is the first such document in the world to set out social rights, serving as a model for the Weimar Constitution of 1919 and the Russian Soviet Federative Socialist Republic Constitution of 1918. Some of the most important provisions are Articles 3, 27, and 123; adopted in response to the armed insurrection of popular classes during the Mexican Revolution, these articles ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward Doheny
Edward Laurence Doheny (; August 10, 1856 – September 8, 1935) was an American oil tycoon who, in 1892, drilled the first successful oil well in the Los Angeles City Oil Field. His success set off a petroleum boom in Southern California, and made him a fortune when, in 1902, he sold his properties. He then began highly profitable oil operations in Tampico, Mexico's "golden belt", drilling the first well in the nation in 1901. He expanded operations during the Mexican Revolution, and opened large new oil fields in Lake Maracaibo (Venezuela). His holdings developed as the Pan American Petroleum & Transport Company, one of the largest oil companies in the world in the 1920s. In the 1920s, Doheny was implicated in the Teapot Dome Scandal and accused of offering a $100,000 bribe to United States Secretary of the Interior Albert Fall. Doheny was twice acquitted of offering the bribe, but Fall was convicted of accepting it. Doheny and his second wife and widow, Carrie Estelle, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pearson PLC
Pearson plc is a British multinational publishing and education company headquartered in London, England. It was founded as a construction business in the 1840s but switched to publishing in the 1920s. Spender, J. A., ''Weetman Pearson: First Viscount Cowdray'' (London: Cassell and Company Limited, 1930). It is the largest education company and was once the largest book publisher in the world. In 2013 Pearson merged its Penguin Books with German conglomerate Bertelsmann. In 2015, the company announced a change to focus solely on education. Pearson plc owns one of the GCSE examining boards for the UK, Edexcel. Pearson has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has a secondary listing on the New York Stock Exchange in the form of American depositary receipts. History Construction business: 1844 to the 1920s The company was founded by Samuel Pearson in 1844 as a building and engineering concern operating in Yo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Refinery
An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha. Petrochemicals feedstock like ethylene and propylene can also be produced directly by cracking crude oil without the need of using refined products of crude oil such as naphtha. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. In 2020, the total capacity of global refineries for crude oil was about 101.2 million barrels per day. Oil refineries are typically large, sprawling industrial complexes with extensive piping running throughout, carrying streams of fluids between large chemical processing units, such as distillation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tampico
Tampico is a city and port in the southeastern part of the state of Tamaulipas, Mexico. It is located on the north bank of the Pánuco River, about inland from the Gulf of Mexico, and directly north of the state of Veracruz. Tampico is the fifth-largest city in Tamaulipas, with a population of 314,418 in the city proper and 929,174 in the metropolitan area. During the period of Mexico's first oil boom in the early 20th century, the city was the "chief oil-exporting port of the Americas" and the second-busiest in the world, yielding great profits that were invested in the city's famous architecture, often compared to that of Venice and New Orleans.Dave Graham, "Crime-ridden state poses acid test for Mexican oil reform" ''Reuters,'' 25 June 2014, accessed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kerosene
Kerosene, paraffin, or lamp oil is a combustible hydrocarbon liquid which is derived from petroleum. It is widely used as a fuel in aviation as well as households. Its name derives from el, κηρός (''keros'') meaning " wax", and was registered as a trademark by Canadian geologist and inventor Abraham Gesner in 1854 before evolving into a generic trademark. It is sometimes spelled kerosine in scientific and industrial usage. The term kerosene is common in much of Argentina, Australia, Canada, India, New Zealand, Nigeria, and the United States, while the term paraffin (or a closely related variant) is used in Chile, eastern Africa, South Africa, Norway, and in the United Kingdom. The term lamp oil, or the equivalent in the local languages, is common in the majority of Asia and the Southeastern United States. Liquid paraffin (called mineral oil in the US) is a more viscous and highly refined product which is used as a laxative. Paraffin wax is a waxy solid extracted from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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