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2004 BCE
Increase in price
The international oil market faces a series of circumstances that caused high volatility in oil prices, at levels that had not been in place since the 1980s. The war in Iraq and other international conflicts were the root cause of volatility. -
2001 BCE
The crisis of mexico
Despite the increase in oil production and exports, the government wAS allocated the bulk of PEMEX's resources to pay for the deficits of the Ministry of Finance and Public Credit, which failed to carry out a tax reform and accentuated its dependence on Revenues to more than 30% of total -
1924 BCE
The crisis begins
The production crisis and the fall in international prices was led companies to reduce their production rate to a minimum and concentrate on the domestic derivatives market, pending further price increases. -
1921 BCE
End of the oil year
End of the first oil boom. The production for that year was reached a record figure of 193.4 million barrels, an amount that would not be reached until years after the expropriation of the industry. Mexico was the second largest oil producer in the world. -
1908 BCE
First big productions
The Dos Bocas well in San Diego de la Mar, Veracruz, belonging to the S. Pearson & Son, sprouts unexpectedly with an unprecedented force of 100 thousand barrels per day. The well was showed the country's oil wealth. -
1893 BCE
Creation of the disel
The diesel engine was invented by the German engineer Rudolf Diesel, because of the great impulse of the oil industry. -
1862 BCE
First Well in Mexico
Antonio del Castillo, a mining engineer, runs one of the first drilling in Mexico to obtain oil. The perforated well was had a depth of 70 meters and cast a mixture of water and good quality crude oil. -
1859 BCE
First Well
The first perforated well was found in Ohio (USA, 1859). -
1800 BCE
Oil Processes
In the eighteenth century thanks to the work of G. A. Hirn, refining methods began to be refined, obtaining derivative products which were mainly used for greasing machines. -
400 BCE
Oil in medicine
The first oil distillation was attributed to the Arabic sage of Persian origin Al-Razi in the 9th century, he was obtained kerosene and other distillates for medical and military uses. -
100
Uses of oil
6000 years ago in Assyria and in Babylon it was used to glue bricks and stones, in medicine and in the caulking of boats.
