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VENEZUELA: Joint venture construction contract award for planned $300,000,000 refinery upgrade...

PROJECT OVERVIEW:

The local PETROLEOS DE VENEZUELA S.A. (PDVSA) is currently gearing-up to upgrade one of its refineries. In so doing, PDVSA recently awarded the contract to a Japanese joint venture which had initially submitted separate bids on the project. The partners in the planned undertaking include JGC CORP. and CHIYODA CORP.

According to the terms of the award, the partnership will be responsible for the provision of design, procurement and construction services. Development plans call for building facilities with installed production capacities

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