Cotinavec Mexico, a JV between Grupo Navec and its the local partner Luna Rodriguez, has signed El Misterio I project with PEMEX Exploration and Production in November 15, 2011. The project consists in the execution of the central pumping station El Misterio I for Maya crude in the mixing and distribution site El Misterio I-.
Grupo Navec and Luna Rodriguez, through Cotinavec , awarded the contract in October 31, 2011, in an International public bidding process, ousting other national and international competitors; which shows Pemex confidence in Cotinavec capabilities.
The project consists, among others, in engineering, procurement, construction, testing, and operation of the pumping station El Misterio I. The total contract amount is approximately 594,000,000 .- Mexican pesos (32.5 million euros) and the period of execution is 1 year.