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FINANCIAL NEWS
Foster Wheeler wins contract at Iraq refinery
03 Jun 2010
(MENAFN) Foster Wheeler’s Global Engineering and Construction Group has won a feasibility study and front-end engineering design (Feed) contract for a new grassroots refinery at Nassiriya in southern Iraq, Reuters reported.
The proposed refinery will have a capacity of 300,000 barrels per day (bpd). The Foster Wheeler contract value for this project was not disclosed and will be included in the company’s second-quarter bookings.
In executing this contract, Foster Wheeler will develop the configuration of the new refinery to meet the client’s processing objectives, evaluate proprietary technologies, prepare a report covering the feasibility of the project and the design basis of the refinery facilities, engage the selected licensors and prepare the front-end engineering design package for the total project.
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