Pemex Awards 127 Public Works Contracts in Q1

Mexico's state oil company Pemex and its subsidiaries awarded 127 public works contracts related to oil infrastructure in the first quarter worth a total 46.8bn pesos (US$4.35bn), Pemex said in a statement.

Of the total, 109 correspond to investments worth 38.6bn pesos and the remainder to public works services.

The contracts were largely a result of tenders published at end-2006.

In 1Q07, Pemex published 142 public tenders, which 81 corresponded to investments and the remainder to public works services.

Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.