Pemex seeks bids for processing plants

Petroleos Mexicanos (Pemex), Mexico�s state-owned oil monopoly, said it is seeking bids to build two cryogenic natural gas-processing plants and a storage and distribution terminal in Reynosa.

Jun 13th, 2000


MEXICO CITY�Petroleos Mexicanos (Pemex), Mexico�s state-owned oil monopoly, said it is seeking bids to build two cryogenic natural gas-processing plants and a storage and distribution terminal in Reynosa.

The plants will process up to 200 MMcfd of nonassociated natural gas from Mexico�s northern Burgos gas fields. End products are expected to be 11,000 b/d of liquefied petroleum gas, 8,300 b/d of gasoline, and 380 MMcfd of natural gas, Pemex said. The storage facility will handle up to 50,000 bbl of liquids, Pemex said.

Construction is expected to begin in November. The first plant is expected to begin operation in December 2001, and the second in the third quarter of 2002.

Pemex did not give an estimated cost for the project, but the winning consortium or company will have to include at least 35% Mexican capital, the firm said.

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