Consortium lines up financing for Cantarell nitrogen plant

09/13/1999
A group led by BOC Group, Murray Hill, N.J., has completed financing of $623 million for building the world's largest nitrogen plant, part of an enhanced recovery project in Mexico's most important producing area, Cantarell.Mexican state oil company Petroleos Mexicanos plans nitrogen injection as the centerpiece of a $10 billion megaproject to boost production in the Gulf of Campeche producing complex (see related story, p. 36).Pemex Exploracíon y Produccion in October 1997 let a 15-year nitrogen supply contract to the consortium, which consists of BOC, 30%; Japan's Marubeni Corp., 30%; Canada's Westcoast Energy Inc., 20%; Germany's Linde AG, 10%; and Mexico'...
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