We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fluor Corp | NYSE:FLR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-2.34 | -5.67% | 38.90 | 39.45 | 37.8325 | 39.45 | 4,832,080 | 01:00:00 |
Mexico's state-owned oil company Petroleos Mexicanos, or Pemex, said Wednesday it awarded a $135 million contract for engineering and management services to ICA Fluor Daniel for the first phase of a new refinery to be built near a current one in Tula, Hidalgo state.
ICA Fluor Daniel is an industrial engineering firm jointly owned by Mexico's Empresas ICA SAB (ICA, ICA.MX) and Fluor Corp. (FLR).
Pemex said in a statement that the percentage of national content was among its criteria in determining the winner of the bid. "It's important to note that this work will be done with 63% national content, with which Pemex is supporting the development of Mexican engineering," the oil monopoly said. The contract to ICA Fluor Daniel and its partner companies will last 421 days, Pemex said, and go into effect March 12.
The other three bidders included consortiums led by Technip SA (TKPPY, TEC.FR), Foster Wheeler AG (FWLT) and KBR Inc. (KBR), Pemex said.
A year ago, Pemex awarded a $7.5 million contract for the construction of a perimeter wall for the $10 billion refinery, which is slated to start up by 2016. Mexico is a major importer of gasoline, diesel and other fuels, much of which comes from the U.S., as Pemex's six current refineries fail to keep up with rising domestic demand.
Empresas ICA shares traded on the local stock exchange were recently 3.1% higher to 23.04 pesos ($1.79) amid a mixed broader market.
-By Laurence Iliff, Dow Jones Newswires; (52-55) 5980-5184; laurence.iliff@dowjones.com
1 Year Fluor Chart |
1 Month Fluor Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions