Samsung Engineering gets contract for Pemex refinerySamsung Engineering announced yesterday it signed a contract with Petroleos Mexicanos, or Pemex, to build an oil refinery in Salamanca, northwest of Mexico City. This is the company’s fourth contract with Mexico’s state-owned oil company.
The project will cost an estimated $80 million and include refinery design and ordering tools and materials. Design work is expected to be completed by September 2015. The plant will produce 38,000 barrels of ultra-low sulfur diesel (ULSD) daily. With the contract, an existing refinery with a daily ULSD capacity of 53,000 barrels also will be revamped.