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PDVSA lets contract for Puerto Laz Cruz refinery project

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.

Oil and Gas Journal

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