PEMEX: PEMEX
PEMEX is the largest Mexican company and biggest taxpayer in the country, and is also one of the biggest industries in Latin America. According to National data, the company’s business alone makes up 10% of the gross domestic product and represents over 30% of the federal income in Mexico. PEMEX is one of the few petroleum industries around the world that is involved in the petroleum process from start to finish. Just like big oil companies in the rest of the world, this Mexican company has recently invested heavily in deepwater drilling in the Gulf of Mexico.
Here is an example of PEMEX being used in a sentence:
PEMEX es una empresa muy conocida en México. (PEMEX is a well known company in Mexico.)
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