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Mexico's Pemex Awards ICA Fluor Daniel $135 Million Refinery Contract

--Mexico's national oil company awards engineering contract to ICA Fluor Daniel --Bids also were presented by consortiums led by Technip, Foster Wheeler and KBR --The $135 million contract will last 421 days beginning March 12 MEXICO CITY -(Dow Jones)- Mexico's state-owned oil company Petroleos Mexicanos, or Pemex, said Wednesday it awarded a $135 million contract for engineering and management services to ICA Fluor Daniel for the first phase of a new refinery to be built near a current one in Tula, Hidalgo state. ICA Fluor Daniel is an industrial engineering firm jointly owned by Mexico's Empresas ICA SAB (ICA, ICA.MX) and Fluor Corp. (FLR). Pemex said in a statement that the percentage of national content was among its criteria in determining the winner of the bid. "It's important to note that this work will be done with 63% national content, with which Pemex is supporting the development of Mexican engineering," the oil monopoly said. The contract to ICA Fluor Daniel and its partner companies will last 421 days, Pemex said, and go into effect March 12. The other three bidders included consortiums led by Technip SA (TKPPY, TEC.FR), Foster Wheeler AG (FWLT) and KBR Inc. (KBR), Pemex said. A year ago, Pemex awarded a $7.5 million contract for the construction of a perimeter wall for the $10 billion refinery, which is slated to start up by 2016. Mexico is a major importer of gasoline, diesel and other fuels, much of which comes from the U.S., as Pemex's six current refineries fail to keep up with rising domestic demand. Empresas ICA shares traded on the local stock exchange were recently 3.1% higher to 23.04 pesos ($1.79) amid a mixed broader market. -By Laurence Iliff, Dow Jones Newswires; (52-55) 5980-5184; laurence.iliff@dowjones.com

Stock News for Fluor (FLR)
DateTimeHeadline
03/27/201712:50:42Initial Statement of Beneficial Ownership (3)
03/27/201712:48:02Initial Statement of Beneficial Ownership (3)
03/27/201712:44:36Initial Statement of Beneficial Ownership (3)
03/24/201717:04:21Statement of Changes in Beneficial Ownership (4)
03/20/201716:17:00Fluor’s Stork Secures New Five-Year Maintenance Contract with H...
03/15/201717:52:00Fluor’s NuScale Power Small Modular Nuclear Reactor Design C...
03/15/201714:52:55Statement of Changes in Beneficial Ownership (4)
03/13/201720:42:00Fluor est sélectionné par Yara pour un accord-cadre mondial
03/13/201716:17:00Fluor Selected by Yara for Global Alliance Framework Agreement
03/10/201716:17:32Statement of Changes in Beneficial Ownership (4)
03/09/201715:16:14Additional Proxy Soliciting Materials (definitive) (defa14a)
03/09/201714:32:41Proxy Statement (definitive) (def 14a)
03/09/201706:02:44Current Report Filing (8-k)
03/08/201718:03:00Fluor Announces Executive Transition Plan
03/08/201716:17:25Statement of Changes in Beneficial Ownership (4)
03/08/201716:14:52Statement of Changes in Beneficial Ownership (4)
03/08/201716:12:13Statement of Changes in Beneficial Ownership (4)
03/08/201716:10:54Statement of Changes in Beneficial Ownership (4)
03/08/201716:09:36Statement of Changes in Beneficial Ownership (4)
03/08/201716:08:18Statement of Changes in Beneficial Ownership (4)

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