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Mexico's ICA awarded Colombia oil pipeline contract

Tuesday, November 5, 2013

Mexico's ICA said that a consortium of which it is part was assigned a multi-year oil pipeline maintenance contract by Ecopetrol in Colombia.

Ecopetrol awarded the contract to the Pipeline Maintenance Alliance, which is owned 70 percent by Colombia's MASA and 30 percent by ICA.

The contract, worth $272 million, includes works and maintenance for five years of approximately 900 kilometers of oil pipelines in the southern region of Colombia, plus an option for an additional two years.

Source: MarketWatch