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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.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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