Pemex Says Mitsui, SK May Bid for $2.1 Billion Tula Project

Bloomberg, March 30, 2017

Petroleos Mexicanos (a.k.a Pemex) has identified Japanese trading company Mitsui & Co. and South Korea’s SK Engineering & Construction as among potential partners for a $2.1 billion project at the company’s Tula refinery which will turn lower-value fuel into products like gasoline and diesel. 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’s 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.

Click here to read the full article from Bloomberg.

Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.

Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.


Read short articles and insights authored by industry experts.


Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.


Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.