Mexico's ICA Fluor Wins $622 Million Pemex Refinary Contracts
March 24 2010 - 10:22AM
Dow Jones News
ICA Fluor said Wednesday that Mexico's state-owned oil company
Petroleos Mexicanos has awarded the company engineering,
procurement and construction contracts for two low-sulfur gasoline
projects worth $622 million.
The projects include the installation of the catalytic gasoline
desulfurization plants and amine regeneration units at two Pemex
refineries in Minatitlan, Veracruz and Salina Cruz, Oaxaca, ICA
Fluor said in a press release.
ICA Fluor said it expects to finish the projects in
mid-2013.
ICA Fluor is a joint venture between Mexico's No.1 construction
and engineering firm Empresas ICA SAB (ICA) and U.S. construction
company Fluor Corporation (FLR).
Fluor will book its $311 million portion of the award in the
first quarter of 2010, ICA Fluor said.
Empresa ICA's shares were recently unchanged at 31.70 pesos
($2.54) in early trading on the Mexican Stock Exchange.
-By Ken Parks, Dow Jones Newswires, 52-55-5980-5177,
ken.parks@dowjones.com