Fluor Signs MOU With Venezuela's Inelectra to Support Energy, Petrochemical and Industrial Clients
Fluor Corporation (NYSE: FLR) announced on November 4 that it has signed a memorandum of understanding 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.
Under the MOU, Fluor will leverage its global engineering, procurement, construction and project management expertise together 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 its flagship projects was the Hamaca Crude Upgrader, developed by a Fluor-Inelectra joint venture 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, with offices in Caracas, Puerto La Cruz and Maracaibo. Fluor, headquartered in Irving, Texas, has nearly 23,500 employees, reported revenue of $15.5 billion in 2025 and is ranked 292 among the Fortune 500 companies.
Source: Fluor Corporation
Published by GSM · USA (original Chinese edition)
Photo: 图：委内瑞拉 Anzoátegui 州 Puerto La Cruz 炼油厂，Inelectra 在该市设有办公室。Daniel Zambrano 摄，Wikimedia Commons，CC BY-SA 3.0。 / Photo: The Puerto La Cruz refinery in Anzoátegui, Venezuela; Inelectra has an office in the city. Photo by Daniel Zambrano, Wikimedia Commons, CC BY-SA 3.0.
