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FINANCIAL NEWS
Iraq awards oil contracts to KBR
25 Aug 2010
(MENAFN) US-based KBR, a global engineering, construction and services company, said that it has been awarded two contracts by Iraq�s Ministry of Oil, AP reported.
Under the contract provided through the South Refineries Company, KBR will provide licensing and basic engineering services for the construction of fluid catalytic cracking (FCC) and solvent deasphalting (SDA) units at the planned grassroots Maissan Refinery in Maissan, Iraq.
KBR will license its FCC Technology for an anticipated 47,500 barrels per day (bpd) FCC unit and its residuum oil supercritical extraction (ROSE(R)) technology for a 45,000 bpd SDA unit.
The FCC unit will be delivered under a joint marketing alliance between KBR and ExxonMobil Research and Engineering Company (EMRE).
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