The Mexican Institute of Petroleum is a public research organization dedicated to develop technical solutions, conduct basic and applied research and provide specialized training to Pemex, the state-owned government-granted monopoly in Mexico's petroleum industry.
The Institute was founded on 23 August 1965 by federal decree and is based in Mexico City. Despite facing significant budget constraints in recent years and being accused of depending excessively on foreign technology by noted physicist Leopoldo García-Colín, it was the leading patent applicant among Mexican institutions in 2005 and houses one of the most advanced microscopes on the planet.
