Message from President Felipe Calderón as Part of the Second State of the Union Address.
Mexidata, September 8, 2008 - “… on April 8 I submitted a reform bill to Congress to reinforce Petróleos Mexicanos (PEMEX). This initiative is based on the acknowledgement of the fact that Mexico is losing ground with regards to oil production. At today’s rate of oil production, Mexico’s proven reserves will only suffice for another nine years of production. We must change this situation.” Read more.