PEMEX

Definition

PEMEX refers to Petróleos Mexicanos, which is the state-owned oil company in Mexico. It is one of the largest oil companies in the world and plays a crucial role in Mexico's economy.

Related terms

Nationalization: This term refers to when a government takes control of private industries or assets, such as when the Mexican government nationalized PEMEX.

Energy Sector: The energy sector encompasses all industries involved in producing and distributing energy resources, including oil, gas, and renewable energy sources.

State-Owned Enterprise (SOE): SOEs are companies or organizations that are owned and operated by the government rather than private individuals or shareholders.