Oil Expropriation Day: History and Importance of the day in Mexico

The Mexicans annually celebrate the Anniversary of the Oil Expropriation (expropiación petrolera) on March 18. Oil Expropriation Day celebrates the oil expropriation by President Lázaro Cárdenas in 1938. The Mexican oil expropriation was the nationalization of all petroleum reserves, facilities, and foreign oil organizations in Mexico on March 18, 1938. As per Article 27 of… Continue reading Oil Expropriation Day: History and Importance of the day in Mexico

Why is Oil Expropriation Day celebrated in Mexico on March 18?

Mexicans recollect Oil Expropriation Day (Día de la Expropiación Petrolera) as the day that the nation’s oil fields were nationalized on March 18, 1938. The Mexican oil confiscation (Spanish: expropiación petrolera) was the nationalization of all petroleum stores, facilities, and foreign oil organizations in Mexico on March 18, 1938. As per Article 27 of the… Continue reading Why is Oil Expropriation Day celebrated in Mexico on March 18?