Since the seizure of the properties, Italy and Germany have been the principal buyers of Mexican oil products. From May, 1938, through August, 1939, Mexican oil shipments to Germany amounted to 12,497,000 barrels, an average of 781,000 a month. From December, 1938, through June, 1939, the shipments of oil to Italy amounted to 7,932,000 barrels, with most having been made in the first half of this year.
In July, this year, Mexico exported 2,059,000 barrels of oil, of which 1,862,000 came to the United States, in contrast to a total of 2,507,000 in July, last year, of which 796,000 came here. It is reported that the forward Programme for August calls for the shipment here of 1,900,000 barrels of oil. Since the entrance of Italy into the war, exports to other sources virtually have ceased.
Text read from the printed page and cleaned; old type leaves the occasional error.
