Emilio Lozoya, Chief Executive Officer of Petróleos Mexicanos (Pemex), announced that the company would spend a total of $5.5 billion in investments in various industrial projects that he said are expected to create some 17,000 direct jobs.
Contracts signed with various engineering firms amount to a combined $2.8 billion, or more than half of the announced investment outlay, and were signed with Ica Fluor Daniel, Tecnicas Reunidas, Samsung Engineering, Foster Wheeler USA Corporation, and a consortium made up of ACS, Dragados and Cobra. The contracts are intended to boost the production of cleaner fuels at Pemex’s Madero, Minatitlan, Salamanca, Salina Cruz and Tula refineries.
The CEO said the companies will build new plants and modernize existing ones to reduce the sulfur level in diesel by 97 percent and comply with environmental standards. He added that these projects will create some 12,000 direct jobs and roughly 31,000 indirect jobs.
He added that they also will improve air quality by reducing emissions of greenhouse gases by more than 12,000 tons annually.
Lozoya also announced the start of Phase 2 of the Los Ramones gas pipeline, which will add 1.43 billion cubic feet per day of capacity to the nation’s pipeline network and will transport natural gas from northern México to the country’s central region. Construction of Phase 2 will involve an investment of $2.5 billion.
Phase 1 of the Los Ramones gas pipeline, which runs from the country’s northern border to the state of Nuevo Leon, is under construction and is on schedule to begin operating in December of this year.
(from Latin American Herald Tribune)
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