Mexican authorities unveils winners for brand new oil refinery work

MEXICO CITY, July 26 (Reuters) – Mexico’s authorities on Friday unveiled the winners of contracts to construct and develop an bold new oil refinery, which embody Samsung Engineering and KBR.

The $eight billion refinery deliberate within the southern port of Dos Bocas is without doubt one of the flagship infrastructure tasks of President Andres Manuel Lopez Obrador, who desires to make Mexico extra self-sufficient and wean it off gasoline imports.

Lopez Obrador this yr threw out bids for it by engineering teams as too costly, handing oversight of the venture to cash-strapped state oil agency Pemex.

Many monetary analysts have questioned the knowledge of the refinery, arguing it makes extra sense to import gas.

Nevertheless, the federal government is adamant it should go forward.

A block of labor that features the coking plant for what could be Mexico’s greatest refinery was received by Fluor Enterprises and ICA Fluor, a tie-up between Mexico’s ICA and Fluor Corp., the vitality ministry mentioned in an announcement.

Samsung Engineering and Asociados Constructores DBNR collectively received two blocks for work together with the hydrodesulfurization plant. In the meantime KBR and Mexican building agency Grupo Hosto received two others for work such because the gasoline generator plant, amongst others.

A contractual bundle for the location’s product storage amenities shall be tendered subsequent yr, the ministry mentioned.

The refinery within the president’s house state of Tabasco is scheduled to course of 340,000 barrels per day of Mexico’s flagship grade, Maya heavy crude, and to be accomplished by 2022. (Reporting by Adriana Barrera and Diego Ore Modifying by Robert Birsel)

Author: Maxwell C.

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