{"id":7595,"date":"2017-04-03T15:32:50","date_gmt":"2017-04-03T20:32:50","guid":{"rendered":"http:\/\/nrgibroker.com\/?p=7595"},"modified":"2017-04-17T16:18:56","modified_gmt":"2017-04-17T21:18:56","slug":"pemex-says-mitsui-sk-may-bid-for-2-1-billion-tula-project","status":"publish","type":"post","link":"https:\/\/nrgibroker.com\/en\/pemex-says-mitsui-sk-may-bid-for-2-1-billion-tula-project\/","title":{"rendered":"Pemex Says Mitsui, SK May Bid for $2.1 Billion Tula Project"},"content":{"rendered":"<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">&#8220;Petroleos Mexicanos has identified Japanese trading company Mitsui &amp; Co. and South Korea\u2019s SK Engineering &amp; Construction as among potential partners for a $2.1 billion project at the company\u2019s Tula refinery which will turn lower-value fuel into products like gasoline and diesel.<br \/>\n<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">Others that may participate in the joint venture to develop and operate the coker unit at Tula include PetroChina Co., China\u2019s largest oil producer; China Petroleum &amp; Chemical Corp., known as Sinopec; Royal Dutch Shell Plc and Chevron Corp., according to a spokesman who couldn\u2019t be identified because of company policy. Pemex will ask for formal bids in the next few weeks, said a person with knowledge of the matter, who asked not to be identified because the information is private.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">The Tula plans are part of a broader effort to improve operations at Pemex, which has delayed maintenance at its six refineries because of budget cuts following 12 years of declining crude output. Tula, Pemex\u2019s second-largest refinery, is operating at 62 percent of its 315,000-barrel-a-day capacity. The refineries together had as many as 88 unscheduled stoppages last year, and four of seven major maintenance plans were deferred to 2017 and 2018.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">SK is considering participating in the project but hasn\u2019t yet made a bid, according to a spokesman who asked not to be identified because of company policy. Beijing-based spokesmen for Sinopec and PetroChina declined to comment as did representatives for Mitsui and Chevron. A Shell spokeswoman didn\u2019t immediately comment.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">Italian oil major Eni SpA, which was also identified by Pemex as on its potential-bidders list, isn\u2019t interested in developing or operating Pemex\u2019s Tula coker unit, according to a company spokeswoman who asked not to be identified citing company policy.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">Carlos Murrieta, director of industrial transformation at Pemex, said in November that the company was in talks with at least three consortium groups \u201cvery interested\u201d in overseeing the execution, operation and completion of that unit. Murrieta said at the time the contracts would likely not take the form of sales-and-leaseback agreements.<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">Pemex hired Bank of America Corp. last year to explore strategic options for the Tula unit and to help it find partners for its refineries. The state-run energy company will prioritize plans to find refinery joint ventures once the Tula coker sales process has advanced, the person familiar said.&#8221;<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">by Michelle Davis, Adam Williams, and Amy Stillman \/ <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-03-28\/pemex-identifies-mitsui-sk-as-potential-bidders-for-tula-deal\" target=\"_blank\">Bloomberg<\/a><\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">28 de marzo de 2017<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><\/h4>\n<h4 style=\"text-align: justify;\"><a href=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/02\/pemex-1024x6791-e1487648875470.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5873 size-full\" src=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/02\/pemex-1024x6791-e1487648875470.jpg\" alt=\"pemex-1024x679\" width=\"600\" height=\"398\" srcset=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/02\/pemex-1024x6791-e1487648875470.jpg 600w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/02\/pemex-1024x6791-e1487648875470-300x199.jpg 300w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/02\/pemex-1024x6791-e1487648875470-450x299.jpg 450w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/h4>\n<h4 style=\"text-align: justify;\"><\/h4>\n<p>&nbsp;<\/p>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">\u00a0<\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Petroleos Mexicanos has identified Japanese trading company Mitsui &amp; Co. and South Korea\u2019s SK Engineering &amp; Construction as among potential partners for a $2.1 billion project at the company\u2019s Tula refinery which will turn lower-value fuel into products like gasoline and diesel. Others that may participate in the joint venture to develop and operate the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5870,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1017],"tags":[1410,1412,232,1413,1411],"class_list":["post-7595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bid","tag-japanese","tag-pemex","tag-second-largest-refinery","tag-tula-project"],"_links":{"self":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/7595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/comments?post=7595"}],"version-history":[{"count":0,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/7595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media\/5870"}],"wp:attachment":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media?parent=7595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/categories?post=7595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/tags?post=7595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}