25 September 2013 00:10 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--ICA Fluor has landed a $95m (€70m) contract with state-run oil giant Petroleos Mexicanos (Pemex) to increase distillate production at the Miguel Hidalgo de Tula refinery in central Mexico, the industrial engineering company said on Tuesday.
ICA Flour, a joint venture between US-based petrochemicals engineering major Fluor and Mexican construction company Empresas ICA, will be responsible for the basic and detailed engineering for the process plants, auxiliary services and integrated works required to reprocess fuel by-products into higher-value distillates.
The contract will allow Pemex to increase distillate output at the refinery from 67% to 80% and marks the first phase of a four-year, $3.46bn project to increase domestic production of higher-value distillates, Pemex said in an earlier statement.
“This project is a major step in the modernisation of Mexico’s oil processing facilities, and we are proud to be in the position to support Pemex with Mexico-based engineering to advance the key goals set forth in their strategic plan,” said ICA Fluor’s director general Juan Carlos Santos Fernandez.
The deal follows last Friday’s announcement that Pemex had awarded ICA Fluor a contract to build a gas compression system at the Dos Bocas marine terminal on the ?xml:namespace>
Miguel Hidalgo, one of six refineries owned by Pemex, has a processing capacity of 325,000 bbl/day and accounts for 24% of total crude volumes processed in
The refinery produces a mixture of refined products, including Pemex diesel, Pemex magna, jet fuel, industrial diesel oil and propylene.
($1 = €0.74)
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