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| ICA Fluor awarded Pemex contract in Mexico Fluor Corporation (NYSE: FLR) announced that its ICA Fluor industrial engineering-construction joint venture with Empresas ICA, S.A.B. de C.V. (BMV: ICA) (NYSE: ICA) was awarded an additional new $95 million contract by Pemex to develop the first phase of the overall project to reconfigure the Miguel Hidalgo Refinery, located in Tula, Hidalgo, Mexico. Fluor will book its $48 million share of the contract in the third quarter of 2013. ICA Fluor will be responsible for the basic and detailed engineering for the process plants, auxiliary services and integration works required to increase the refinery's distillate production capacity from 63 to 80 percent. This is the first phase of a mega-project announced by Pemex to increase national production of higher value distillates through the reprocessing of products such as gasoil (diesel). Pemex expects its total investment to be approximately $3.5 billion. write your comments about the article :: © 2013 Construction News :: home page |