HOUSTON, July 15 (Bernama-GLOBE NEWSWIRE) — EXCEL (“EXCEL”™) Petróleos Internacionales del Caribe (“PIC”) and its operating division in Mexico, Petróleos Internacionales del Caribe Inc., Sucursal México (“PICMEX”) jointly announced today the signing of a Strategic Engineering, Procurement and Construction Partnership, “Exclusive Agreement” with PIC for the engineering, procurement and construction of PIC’s key Export Facilities in Houston, TX together with GLM compressed storage systems for various fuels and key gas pipelines forward positions for the required fueling elements for its Maritime and Terrestrial Operations. The operations will be vital to the US, the Americas and the United Mexican States with PIC one of kind solutions with its other key partnerships.
The Strategic EPC Partnership between PIC and EXCEL represents a significant investment milestone in the commercialization of the export facilities and receiving terminals, as it signals the commencement of project specific pre-FEED (Front End Engineering Design) studies by PIC for the delivery of its maritime and terrestrial operations that will ensure uninterrupted shipments by PIC and its other global partnerships for decades to come.