The United Mexican States produces 2,934,000 bbl/day that is around 3.56 percent of world’s oil. Energy production in Mexico is managed by state owned companies Pemex and the Federal Commission of Electricity.
Bolivarian Republic of Venezuela is one of the world’s leading exporters of oil. The discovery of massive oil deposits in Lake Maracaibo during the First World War transformed the basis of its economy. Venezuela produces 3,023,000 bbl/day that is 3.56 percent of world’s oil.