Japan’s Chiyoda and Toyo win Venezuela refinery contracts

02 December 2011 11:15  [Source: ICIS news]

TOKYO (ICIS)--Japanese engineering firms Chiyoda Corp and Toyo Engineering have secured refinery-related contracts from Venezuela’s state-run oil company, the firms said in separate statements on Friday.

Chiyoda Corp, together with Japanese oil and gas engineers JGC and Inelectra SACA, a Venezuelan construction and engineering company, has won a contract for an expansion project at the Puerto La Cruz oil refinery in the state of Anzoategui from Petroleos de Venezuela SA (PDVSA), Chiyoda Corp said.

The cost-reimbursable contract includes detail engineering, procurement support and construction management services associated with constructing the 210,000 bbl/d heavy crude oil upgrading facilities at the refinery, the firm said.  

The Puerto La Cruz refinery currently specialises in light crude oil products, and the addition of heavy crude oil facilities is expected to bring a large increase in revenue for PDVSA as well as enabling more efficient use of non-renewable petroleum resources, Chiyoda Corp said.

Meanwhile, Toyo Engineering, in a consortium with Venezuela’s Y&V Ingenieria y Construccion, has been awarded a project management consultant (PMC) contract for the same project by PDVSA, Toyo Engineering said.

Based on the 52-month contract, the consortium will work with PDVSA’s project team to manage and control several contractors engaged in the project up to its start-up, Toyo Engineering added.

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By: Tomomi Yokomura
+65 6780 4359



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