Petróleos Mexicanos (PEMEX) is Mexico’s state‑owned, vertically integrated energy company, founded in 1938 and headquartered in Mexico City. Its operations span exploration and production of oil and natural gas, refining, fuel logistics, and marketing for the domestic market and export.
PEMEX plays a central role in Mexico’s chemical and petrochemical value chains. Through refineries, gas-processing centers, and petrochemical complexes—particularly along the Gulf Coast—it produces and supplies key feedstocks and basic chemicals used by downstream manufacturers. Its portfolio includes natural gas liquids and ethane, as well as basic petrochemicals such as ethylene, propylene, and aromatics, along with sulfur and ammonia. Subsidiaries including Pemex Transformación Industrial, Pemex Etileno, and Pemex Fertilizantes support these activities. As the dominant supplier of hydrocarbon feedstocks, PEMEX influences availability and pricing for Mexico’s plastics, solvents, and fertilizer sectors, and provides pipeline, storage, and marine terminal infrastructure that underpins national chemical industry logistics.
Also known as Petróleos Mexicanos and Mexican Petroleum.
Non-binding two-year framework to evaluate joint projects in deepwater exploration, mature-field revitalisation, refining, petrochemicals and emissions reduction.
