By LAURENCE ILIFF
MEXICO CITY Mexicos state-owned oil company
Petroleos Mexicanos, or Pemex, said Friday it had signed a
contract with Bechtel for technical assistance and the
licensing of refinery technologies for a new refinery Pemex is
building in the central Mexican city of Tula, Hidalgo.
The $12.54 million contract is for the design-and-licensing
costs for a coker plant with a capacity of 166,000 bpd, Pemex
The new Tula refinery is being built near a current Pemex
refinery and is designed to increase the production of
low-sulfur gasoline and diesel fuel.
Pemex said Bechtel has 480 days to fulfill the contract,
adding the company was chosen for its technologies that reduce
down time and add flexibility to the refining process, among other
The $10 billion refinery is estimated to be
completed by the end of 2015.
Earlier this year, Pemex awarded a $135 million contract for
engineering-and-management services to ICA Fluor Daniel for the
first phase of the new refinery, which is called Tula
Bicentenary to celebrate Mexico's 200 years of independence
ICA Fluor Daniel is an industrial-engineering firm jointly
owned by Mexico's Empresas and Fluor.
In 2011, Pemex awarded a $7.5 million contract for the construction of a perimeter wall for
Pemex CEO Juan Jose Suarez Coppel said at an oil conference
this week the new Tula refinery makes sense for logistical
reasons, even though building a new refinery is much more
expensive than buying current refining assets in the US and
He cited cost savings from transporting fuel oil as one of
the advantages of the new refinery, given its central
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