PDVSA has let a contract for the expansion and modernization of its 190,000-b/d Puerto Laz Cruz refinery in eastern Venezuela. The $4.8 billion contract will go to a consortium that includes Hyundai E&C, Hyundai Engineering Ltd., and Wison Engineering Ltd. It an effort to improve the yield of higher-quality products, the project will include the remodeling of existing installations and equipment as well as some new construction. This overhaul will equip the plant to process a heavier slate of crude oil feedstock. There are no firm dates for the groundbreaking or completion. Currently, the Laz Cruz refinery has a 13,600 b/cd fluid catalytic cracking unit.
PDVSA lets contract for Puerto Laz Cruz refinery project
July 7, 2014
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