Mexico is facing a critical issue of oil depletion. Estimates suggest that current reserves will last only for another 9 years. This marks a staggering 133% increase compared to the beginning of its administration in 2017, an unprecedented figure. The threat of an oil shortage necessitates urgent measures to boost exploration and develop new fields to sustain production levels.
Mexico Faces Depletion of Oil Reserves
Estimates show Mexico's oil reserves will last only 9 more years. This is a 133% unprecedented increase since 2017, demanding immediate action to boost exploration.