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Latin America represented 22% of engineering and construction company Técnicas Reunidas' backlog at end-June, CEO Juan Lladó said in a webcast.
The Madrid-based group's backlog grew 15.6% year on year to 9.03bn euros (US$9.97bn).
Lladó highlighted that Técnicas' most important project in Latin America is the overhaul of Peru's Talara refinery (pictured).
The Spanish firm's power backlog in Latin America includes Peru's Nodo Energetico del Sur project (2016) and Los Minas (2016) in the Dominican Republic.
Amid the low oil price scenario, Lladó said that award times now are taking six to seven months, and sometimes a year, versus three to four months previously.
BNamericas will host its 5th LatAm Power Generation Summit in Lima, Peru, on August 19-20 and its 9th South America Infrastructure & Energy Summit in Bogotá, Colombia, on September 9-10. Click here to download the agendas.