Fluor Corporation (NYSE: FLR) announced that its ICA Fluor joint venture
with Empresas ICA, S.A.B. de C.V. (BMV: ICA) (NYSE: ICA) signed a
contract with TAG Pipelines Sur S. de R.L. de C.V. for the construction
of the 1.42 billion cubic feet per day capacity Ramones II Sur Gas
Pipeline through the states of San Luis Potosí, Querétaro and Guanajuato
in Mexico. TAG Pipelines Sur is a joint venture between Mexico Power and
Gas Ventures B.V., a wholly owned subsidiary of GDF Suez, P.M.I.
Holdings B.V. and TAG Pipelines S. de R.L. de C.V., an affiliate of
Mexgas Supply and Mexgas Enterprises (affiliates of Pemex Gas). Fluor
booked its $357 million portion of the contract value in the first
quarter of 2014.
ICA Fluor will be responsible for the engineering, procurement,
construction, testing, commissioning and start-up services of a
291.7-kilometer-long, 42-inch diameter pipeline with one compression
station (for a total capacity of 1,420 MMCFD), located in the southern
portion of the Los Ramones Phase II gas transportation system. The
system will be completed in the second quarter of 2016.
This project is a segment of the integrated Los Ramones transportation
system, part of a strategy to supply central Mexico with natural gas
imported from the United States. It is the third phase of a
transportation system that runs from the U.S.-Mexico border to Apaseo el
Alto, Guanajuato. As a result of the increasing needs for natural gas
availability and distribution in different regions in Mexico, the
project is expected to have a large impact on the country’s industry and
economy.
About ICA Fluor
ICA Fluor is the leading industrial engineering-construction company in
Mexico, dedicated to the engineering, procurement, construction and
maintenance of industrial facilities in the oil and gas, chemical,
petrochemical, automotive, power, mining, and telecommunication
industries.
About ICA
Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company.
ICA carries out large-scale civil and industrial construction projects
and operates a portfolio of long-term assets, including airports, toll
roads, water systems, and real estate. Founded in 1947, ICA is listed on
the Mexican and New York Stock exchanges. For more information, visit www.ica.com.mx/ir.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and construction
firm that designs and builds some of the world's most complex projects.
The company creates and delivers innovative solutions for its clients in
engineering, procurement, fabrication, construction, maintenance and
project management on a global basis. For more than a century, Fluor has
served clients in the energy, chemicals, government, industrial,
infrastructure, mining and power market sectors. Headquartered in
Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list. With more than
40,000 employees worldwide, the company's revenue for 2013 was $27.4
billion. Visit Fluor at www.fluor.com
and follow on Twitter @FluorCorp.
Copyright Business Wire 2014