Fluor Enters into MOU with Venezuela-based EPCM

Business Deal Fluor Enters into MOU with Venezuela-based EPCM

2026-11-10 Source: Press release Fluor Corporation 1 min Reading Time

Related Vendors

Fluor corporation (Headquarters)

EDL Anlagenbau Gesellschaft mbH

Pörner Ingenieurgesellschaft mbH

TRM Filter d.o.o.

With an aim to support its existing and future clients across Venezuela's energy, petrochemical and industrial sectors, Fluor has signed a MOU with Inelectra, a Venezuela-based engineering, procurement and construction management company.

Hamaca Crude Upgrader Project, a Fluor-Inelectra joint venture that developed crude upgrading facilities at the Jose Industrial Complex. (Source: Fluor Corporation) — Hamaca Crude Upgrader Project, a Fluor-Inelectra joint venture that developed crude upgrading facilities at the Jose Industrial Complex.
(Source: Fluor Corporation)

Texas/USA – Fluor Corporation has signed a memorandum of understanding (MOU) with Inelectra, a Venezuela-based engineering, procurement and construction management company, to support existing and future clients across Venezuela's energy, petrochemical and industrial sectors.

Fluor will leverage its global engineering, procurement, construction and project management expertise with Inelectra's nearly 60 years of local market knowledge, established relationships and proven execution capabilities.

“To support the increasing investment by international energy companies in Venezuela, we intend to create a locally anchored platform capable of delivering world-class project execution while maintaining the highest standards of quality and safety,” said Pierre Bechelany, Fluor’s Business Group President of Energy Solutions. “By combining both our companies’ local and global capabilities, we will deliver critical projects that support long-term economic growth throughout Venezuela."

Fluor has a long history of delivering projects in Venezuela, having completed more than 40 capital projects since 1982 across the upstream, downstream, petrochemical and power sectors. Among the company’s flagship projects was the Hamaca Crude Upgrader, where a Fluor-Inelectra joint venture developed crude upgrading facilities at the Jose Industrial Complex. When completed in 2004, the facility was capable of producing up to 190,000 barrels of extra-heavy crude oil per day.

Inelectra is Venezuela’s largest engineering and construction firm, combining technical expertise with an integrated approach to create value for clients in the energy sector. It has offices in Caracas, Puerto La Cruz, and Maracaibo, Venezuela.

(ID:51013610)

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta).

Date: 08.12.2025

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planck-Str. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

Additionally, my consent also includes the processing of my email address and telephone number for data matching for marketing purposes with select advertising partners such as LinkedIn, Google, and Meta. For this, Vogel Communications Group may transmit said data in hashed form to the advertising partners who then use said data to determine whether I am also a member of the mentioned advertising partner portals. Vogel Communications Group uses this feature for the purposes of re-targeting (up-selling, cross-selling, and customer loyalty), generating so-called look-alike audiences for acquisition of new customers, and as basis for exclusion for on-going advertising campaigns. Further information can be found in section “data matching for marketing purposes”.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here. This does not apply to data matching for marketing purposes.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://contact.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.