Fluor To Design New Refinery For Kuwait National Petroleum
Fluor Corporation (NYSE: FLR) announced today that it has been selected to provide front-end engineering and design services for Kuwait National Petroleum Company's new refinery. Contract value to Fluor was not disclosed.
The multibillion-dollar refinery will be located in Shuaiba, approximately 31 miles south of Kuwait City. When complete, the refinery will provide low-sulfur fuel to be used as feedstock for Kuwait's existing and new power plants. The refinery will have an initial capacity of about 450,000 barrels per day.
"This refinery is the first major grassroots refinery to be constructed in the world for many years," said Jeff Faulk, Fluor's group president of Energy & Chemicals. "This award is a testament to Fluor's extensive grassroots refinery experience. To date, Fluor has worked on 20 such refineries, more than any other contractor in the world. We're pleased to have been chosen for this work and to continue our relationship with Kuwait National Petroleum Company."
Employees in Fluor's Houston, Texas, office began work on this project earlier this month. The project is scheduled for completion in early 2009.
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Posted 22/12/04
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