Fluor Corp. joint venture awarded 2 contracts for clean fuel plants in Mexico

Fluor unit wins 2 refinery contracts in Mexico

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.

(This version CORRECTS the total value of the contract for ICA Fluor.)