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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 Empresas Ica Soc Con (ICA)
DateTimeHeadline
11/15/201308:55:37Highbridge Capital Management 3Q 13F: Largest Eliminations
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Purchases
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Sales
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest -2-
06/20/201310:24:37Mexico's ICA to Sell Stake in Toll Road Venture
08/01/201210:38:42APM Terminals, Empresas ICA Sign Deal for Mexican Terminal
02/23/201217:01:34ADR Report: Strong Earnings Results Help Lift Shares
02/15/201216:50:11Mexico's Pemex Awards ICA Fluor Daniel $135 Million Refinery...
09/15/201117:06:13Mexico Stocks Close Higher On Boost From ECB Liquidity Accord
06/25/201019:34:09LATIN AMERICAN MARKETS: Brazil, Mexico Stocks Rise As Resources...
06/25/201016:00:12LATIN AMERICAN MARKETS: Brazil, Mexico Stocks Up As Resources...
05/12/201018:31:08LATIN AMERICAN MARKETS: Mexico, Brazil Stocks Up As Economic...
03/24/201022:15:15LATIN AMERICAN MARKETS: Mexico's Cemex Warns; Brazil Ends Lower
03/24/201016:03:30LATIN AMERICAN MARKETS: Mexico, Brazil Stocks Fall As Wall Street...
03/24/201010:22:01Mexico's ICA Fluor Wins $622 Million Pemex Refinary Contracts
02/16/201018:39:10LATIN AMERICAN MARKETS: Mexico Stocks Gain As U.S. Data Show...
11/26/200915:16:49Prudential To Raise MXN6.5 Billion For Mexico Real Estate Fund

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