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Jacobs, KBR, Technip among foreign firms to bid on new Mexican refinery

  • Mexico invites a handful of international firms including three U.S. companies to bid on the construction of an $8B oil refinery to be owned by national oil company Pemex, intended to help wean the country off growing fuel imports.
  • Energy Minister Nahle says those invited to submit bids will include two consortia with U.S. firms - U.S.-based Bechtel with Italy’s Techint, and Australia’s WorleyParsons with U.S.-based Jacobs Engineering (NYSE:JEC) - as well as two sole bidders - U.S.-based KBR and France’s TechnipFMC (NYSE:FTI).
  • The new refinery near the Dos Bocas port on Mexico's southern coast aims to be able to process 340K bbl/day of heavy crude, making it Pemex’s biggest.

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