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Pemex signs the contract of sales of the 51% of the Vigo's shipyard Barreras

The signature of this contract is a collective effort aimed to reactivate the Spanish naval industry that will allow furthermore developing capacities in the medium term for the construction of specialized vessels in Mexico, capitalizing in this way the technological development of the Galician naval sector and the oil industry, between others. Additionally, this contract reinforces the collaboration agreement signed between Pemex and the Galician government in May 2012, which purpose is to establish a strategic alliance in shipbuilding.
PMI participates, together with the Barreras and the public shipyard Navantia, in the Public International tender convened by Pemex Exploración y Producciones for hiring feed and hotel business services with the support of two flotels.
PMI and Barreras shipyard have continued in Mexico the conversations with national and international ship-owners with the aim of confirming orders and begin the construction of boats within next weeks.
PMI's group is a set of companies dedicated to realize commercial activities in the oil international market with business in more than 20 countries. Between their objectives it is also the development of strategic projects, as infrastructure construction, and alliances with other industry participants.
Barreras Shipyard, established in 1892 and located in Vigo, is dedicated to the construction of big vessels, basically Ro-Ro, ferries and offshore, between others. In the vanguard of innovation and new technologies, Barreras has high levels of quality and prestige, and it is guaranteed as a reference inside the European shipbuilding.
(Source: http://www.pemex.com)

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