Pdvsa awards contracts for USD 2.9 billion in Puerto La Cruz refinery

State-run oil holding Petróleos de Venezuela (Pdvsa) entrusted South-Korean Hyundai Engineering & Construction and Chinese Wison Engineering with the extension and streamlining of the facilities

The construction will start after the execution of the agreements (File photo)

EL UNIVERSAL

Thursday June 14, 2012 11:05 AM

South Korean Hyundai Engineering & Construction and Chinese Wison Engineering have been retained to extend and streamline a refinery in Venezuela, for a total value of USD 2.9 billion, the former company reported.

The project to expand Puerto La Cruz refinery is scheduled for 42 months, the South Korean corporation mentioned in a press release.

According to the company, state-run oil holding Petróleos de Venezuela (Pdvsa) already gave the order for the works.

"The construction will start as soon as the company signs the formal agreements, probably at the end of July," a spokesperson of Hyundai told AFP.

ADVERTISING SPACE

Dossier

The chess game of the opposition alliance

The very early morning after the presidential election (April 15), both candidates requested the National Electoral Council (CNE) to conduct a full audit of the process: one, Henrique Capriles, because he asserts that the election results are different from the ones announced, and the other one, Nicolás Maduro, in order to clear any doubt regarding his victory, and to reinforce his political stance. Nevertheless, as it is already known, President Maduro changed his mind.