Beverly Hills 12/12/2009 4:29:41 AM
News / Business

Peru Company Petroperu Awards $1 Billion Deal to Spain’s Tecnicas Reunidas SA

Finance World News Update by EQUITIES Magazine

Engineering and construction company Tecnicas Reunidas SA won the bidding to manage a $1.12 billion upgrade of Petroleos del Peru SA’s oil refinery in northern Peru.

 

The Spanish company plans to grow output at the Talara refinery by 50 percent to 90,000 barrels per day by 2016.

 

“The upgrade will put Talara on a par with other refineries in the region,” said manager of the refinery’s modernization project Lino Cerna, “It will allow us to meet our goal of making Talara a modern and competitive facility.”

 

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