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Petroleum Industry In Mexico
The petroleum industry in Mexico makes Mexico the eleventh largest producer of oil in the world and the thirteenth largest in terms of net exports. Mexico has the seventeenth largest oil reserves in the world, and it is the fourth largest oil producer in the Western Hemisphere behind the United States, Canada and Venezuela. Mexico is not a member of the OPEC (the Organization of Petroleum Exporting Countries) or any petroleum production related organizations, but since 1994 it is a member of the North American Free Trade Agreement. The petroleum sector is crucial to the Mexican economy; while its oil production has fallen in recent years, oil revenues still generate over 10% of Mexico's export earnings. High taxes on the revenues of Pemex provide about a third of all the tax revenues collected by the Mexican government. History Development of the oil industry in Mexico before 1938 Petroleum was known in Mexico before the arrival of the Spaniards and used by the natives f ...
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Tuxpan, Veracruz
Tuxpan (or Túxpam, fully Túxpam de Rodríguez Cano) is both a municipality and city located in the Mexican state of Veracruz. The population of the city was 78,523 and of the municipality was 134,394 inhabitants, according to the INEGI census of 2005, residing in a total area of . The municipality includes many smaller outlying communities, the largest of which are Alto Lucero and Santiago de la Peña. A local beachside community is also nearby. Overview Tuxpan or Túxpam, pronounced in Nahuatl, the language of the ancient Aztecs, literally means "Place of Rabbits", a compound of ''tochtli'' "rabbit" and ''-pan'' "place". The city is located on the banks of the Tuxpan River, which reaches the Gulf of Mexico downstream . Being the nearest port to Mexico City, Tuxpan is an important commercial link for Mexican imports and exports. Tuxpan is now primarily a grain port, with emphasis on soybeans and maize. Off-shore links to oil pipelines are used to transfer petroleum produ ...
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Peso
The peso is the monetary unit of several countries in the Americas, and the Philippines. Originating in the Spanish Empire, the word translates to "weight". In most countries the peso uses the Dollar sign, same sign, "$", as many currencies named "dollar". The sign "Philippine peso sign, ₱" is used in the Philippines. The silver ''peso'' worth eight ''Spanish real, reales'' was also known in English as a Spanish dollar or "piece of eight" and was a widely used international trade coin from the 16th to the 19th century. Origin and history 1537–1686 piece of eight The name peso was given to the 8-Spanish real, real silver coin introduced in 1497, minted at 8 pesos to a Castilian mark (230.0465 grams) of silver 134/144 fine (25.56 g fine silver). It was minted in large quantities after the discovery of silver in Mexico, Peru and Bolivia in the 16th century, and immediately became a coin of worldwide importance in international trade between Europe, Asia and North America. ...
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Arbitration Board
Arbitration is a form of alternative dispute resolution (ADR) that resolves disputes outside the judiciary courts. The dispute will be decided by one or more persons (the 'arbitrators', 'arbiters' or 'arbitral tribunal'), which renders the 'arbitration award'. An arbitration decision or award is legally binding on both sides and enforceable in the courts, unless all parties stipulate that the arbitration process and decision are non-binding. Arbitration is often used for the resolution of commercial disputes, particularly in the context of international commercial transactions. In certain countries such as the United States, arbitration is also frequently employed in consumer and employment matters, where arbitration may be mandated by the terms of employment or commercial contracts and may include a waiver of the right to bring a class action claim. Mandatory consumer and employment arbitration should be distinguished from consensual arbitration, particularly commercial a ...
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Confederation Of Mexican Workers
The Confederation of Mexican Workers (''Confederación de Trabajadores de México'' (CTM)) is the largest confederation of labor unions in Mexico. For many years, it was one of the essential pillars of the Partido Revolucionario Institucional (the Institutional Revolutionary Party, or PRI), which ruled Mexico for more than seventy years. However, the CTM began to lose influence within the PRI structure in the late 1980s, as technocrats increasingly held power within the party. Eventually, the union found itself forced to deal with a new party in power after the PRI lost the 2000 general election, an event that drastically reduced the CTM's influence in Mexican politics. Founding the CTM 250px, CTM's 14th National Congress The CTM was founded on February 21, 1936, during the term of President Lázaro Cárdenas del Río. Cárdenas's predecessors had relied heavily on the Confederación Regional Obrera Mexicana, or CROM, in order to garner support from the working class. Howeve ...
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Labor Unions
A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits (such as holiday, health care, and retirement), improving working conditions, improving safety standards, establishing complaint procedures, developing rules governing status of employees (rules governing promotions, just-cause conditions for termination) and protecting the integrity of their trade through the increased bargaining power wielded by solidarity among workers. Trade unions typically fund their head office and legal team functions through regularly imposed fees called ''union dues''. The delegate staff of the trade union representation in the workforce are usually made up of workplace volunteers who are often appointed by members in democratic elections. The trade union, through an elected leadership and bargaining committee, ...
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Logo Petróleos Mexicanos
A logo (abbreviation of logotype; ) is a graphic mark, emblem, or symbol used to aid and promote public identification and recognition. It may be of an abstract or figurative design or include the text of the name it represents as in a wordmark. In the days of hot metal typesetting, a logotype was one word cast as a single piece of type (e.g. "The" in ATF Garamond), as opposed to a ligature, which is two or more letters joined, but not forming a word. By extension, the term was also used for a uniquely set and arranged typeface or colophon. At the level of mass communication and in common usage, a company's logo is today often synonymous with its trademark or brand.Wheeler, Alina. ''Designing Brand Identity'' © 2006 John Wiley & Sons, Inc. (page 4) Etymology Douglas Harper's Online Etymology Dictionary states that the term 'logo' used in 1937 "probably a shortening of logogram". History Numerous inventions and techniques have contributed to the contemporary logo, includ ...
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General Lázaro Cárdenas Del Río
A general officer is an Officer (armed forces), officer of highest military ranks, high rank in the army, armies, and in some nations' air forces, space forces, and marines or naval infantry. In some usages the term "general officer" refers to a rank above colonel."general, adj. and n.". OED Online. March 2021. Oxford University Press. https://www.oed.com/view/Entry/77489?rskey=dCKrg4&result=1 (accessed May 11, 2021) The term ''general'' is used in two ways: as the generic title for all grades of general officer and as a specific rank. It originates in the Tudor period, 16th century, as a shortening of ''captain general'', which rank was taken from Middle French ''capitaine général''. The adjective ''general'' had been affixed to officer designations since the late Middle Ages, late medieval period to indicate relative superiority or an extended jurisdiction. Today, the title of ''general'' is known in some countries as a four-star rank. However, different countries use di ...
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Veracruz
Veracruz (), formally Veracruz de Ignacio de la Llave (), officially the Free and Sovereign State of Veracruz de Ignacio de la Llave ( es, Estado Libre y Soberano de Veracruz de Ignacio de la Llave), is one of the 31 states which, along with Mexico City, comprise the 32 Federal Entities of Mexico. It is located in eastern Mexico and is bordered by seven states, which are Tamaulipas, San Luis Potosí, Hidalgo, Puebla, Oaxaca, Chiapas, and Tabasco. Veracruz is divided into 212 municipalities, and its capital city is Xalapa-Enríquez. Veracruz has a significant share of the coastline of the Gulf of Mexico on the east of the state. The state is noted for its mixed ethnic and indigenous populations. Its cuisine reflects the many cultural influences that have come through the state because of the importance of the port of Veracruz. In addition to the capital city, the state's largest cities include Veracruz, Coatzacoalcos, Córdoba, Minatitlán, Poza Rica, Boca Del Río and Or ...
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Poza Rica
Poza Rica (), formally: Poza Rica de Hidalgo is a city and its surrounding municipality in the Mexican state of Veracruz. Its name means "rich well/pond". It is often thought that the name came to be because it was a place known for its abundance of oil. In reality, before oil was discovered, there existed a pond rich in fish, which gave origin to the city’s name. In the last century oil was discovered in the area. It has since been almost completely extracted. This has resulted in the decline of oil well exploration and drilling activities, though there are still many oil facilities. The city shares borders with the municipalities of Papantla, Tihuatlán, and Coatzintla, and stands on Federal Highway 180. The archaeological zone of El Tajín is located approximately from Poza Rica. The area is tropical, with two beaches within one hour, Tuxpan, and Tecolutla, and one within 40 minutes east, Cazones. Mexico City is about from Poza Rica.Unlike most Mexican cities, it does ...
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Banco De México
The Bank of Mexico ( es, Banco de México), abbreviated ''BdeM'' or ''Banxico,'' is Mexico's central bank, monetary authority and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency. History Background Plans for a national bank of Mexico began as early as the Mexican Empire of Agustín de Iturbide with his idea of a ''Gran Banco del Imperio Mexicano'' (Grand Bank of the Mexican Empire). This idea was never pursued, instead, credit was generally issued by religious orders or trading guilds. In 1827 Mexico defaulted on a loan from British lenders which made it difficult to find foreign capital and it was forced to rely on local lenders as it had no national bank to lend to it. Instead the government was forced to rely on domestic lenders known as agiotistas (speculators) who specialized in short-term, high-interest loans. The first bank organized by th ...
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Howard F
Howard is an English language, English-language given name originating from Old French Huard (other), Huard (or Houard) from a Germanic source similar to Old High German ''*Hugihard'' "heart-brave", or ''*Hoh-ward'', literally "high defender; chief guardian". It is also probably in some cases a confusion with the Old Norse cognate ''Haward'' (''Hávarðr''), which means "high guard" and as a surname also with the unrelated Hayward. In some rare cases it is from the Old English ''eowu hierde'' "ewe herd". In Anglo-Norman language, Anglo-Norman the French digram ''-ou-'' was often rendered as ''-ow-'' such as ''tour'' → ''tower'', ''flour'' (western variant form of ''fleur'') → ''flower'', etc. (with svarabakhti). A diminutive is "Howie" and its shortened form is "Ward" (most common in the 19th century). Between 1900 and 1960, Howard ranked in the U.S. Top 200; between 1960 and 1990, it ranked in the U.S. Top 400; between 1990 and 2004, it ranked in the U.S. Top 600. Pe ...
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