Pemex Says Mitsui, SK May Bid for $2.1 Billion Tula Project
- Company looking for partner to develop, operate Tula coker
- Pemex said to start bidding process at refinery in next weeks
Petroleos Mexicanos 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.
Others that may participate in the joint venture to develop and operate the coker unit at Tula include PetroChina Co., China’s largest oil producer; China Petroleum & Chemical Corp., known as Sinopec; Royal Dutch Shell Plc and Chevron Corp., according to a spokesman who couldn’t 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.