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US companies compete for $8 billion Mexican refinery

Tuesday, March 19, 2019


Mexico invited a host of international firms, including three U.S. companies, to bid on the construction of an $8 billion oil refinery, officials said on Monday, as President Andres Manuel Lopez Obrador seeks to fast-track one of his signature projects.

The facility would be owned by Mexico’s national oil company, Pemex, becoming its seventh domestic refinery, and built near the Dos Bocas port on Mexico’s southern Gulf coast.

Energy Minister Rocio Nahle said at an event commemorating the 1938 nationalization of Mexico’s oil industry that those invited to submit bids will include two consortia with American companies: U.S.-based Bechtel with Italy’s Techint, and Australia’s WorleyParsons with U.S.-based Jacobs Engineering Group.

Two sole bidders were also invited: U.S.-based KBR and France’s Technip., Reuters reports.