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Hyundai Engineering wins $2.9 B USD Puerto La Cruz refinery deal – Venezuela

Hyundai Engineering & Construction Co., Ltd (HDEC), Hyundai Engineering Co., Ltd (HEC) together with the Chinese Wison Engineering have been retained to extend and streamline a refinery in Venezuela, for a total value of $ 2.9 billion US Dollars.

The project to expand Puerto La Cruz refinery is scheduled for 42 months.

The state run oil holding Petróleos de Venezuela already gave the order for the works.

"The project construction will start as soon as the company signs the formal agreements, expected at the end of July 2012."


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