IRVING, Texas. — A joint venture run by Fluor Corp. won two contracts to build two refining facilities for Mexico's national oil company.
Fluor, based in Irving, Texas, will book $311 million from the deals during the first quarter.
The total contract for ICA Fluor, a joint venture between Mexico's Empresas ICA S.A.B. de C.V. and Fluor, is worth $622 million.
Petroleos Mexicanos, or Pemex, the state oil monopoly, is paying ICA Fluor for engineering, installation, testing and startup of two plants to produce low-sulfur gasoline at existing refineries in Minatitlan, Veracruz, and Salina Cruz, Oaxaca.
Both projects include 25,000 barrel-per-day catalytic distillation trains, the associated amine regeneration units and all ancillary facilities. The work is scheduled to be completed by mid-2013.
The joint venture got a similar contract from Pemex for two other refineries in September.
Fluor shares rose 92 cents, or 2 percent, to $46.77. Empresas shares gave up 2 cents to $10.13.
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