Hard blow for Techint group in Mexico

The Techint group was excluded from building a $ 8 billion mega project. Although favorite because of his experience in the field, the government of Lopez Obrador has canceled the call for bids, the Italian-Argentine holding company and other participating companies offering prices between 2,000 and 4,000 million euros. dollars, according to official considerations. This has been reported Online politics.

It is a strong accusation against a company that already knew to have problems with justice in the region for similar causes, the cases of Peru and Brazil being the most important, leading to serious denunciations against the respective governments.

The situation had an impact on the market, with a decline of 3.17% in Ternium and 1.3% in Tenaris, both listed on Wall Street.

The work that he lost is the controversial refinery Dos Bocas, which enjoys state support despite the challenges of the energy sector, accusing its lack of profitability, its nil influence on the resolution of energy security and the fact that it is against the turning point towards renewable energies. However, Andrés Manuel López Obrador announced Thursday that the construction would be carried out under the leadership of Secretary of Energy, Rocío Nahla, and that she would be in charge of the state oil company Pemex.

At his morning press conference, the Mexican president announced that work would begin from June 2 to the end of May 2022, promising 100,000 jobs in the process, noting that other offers would come to an end. project.