Foster Wheeler Celebrates Official Inauguration of Groundbreaking Oryx GTL Plant in Qatar; US$950 Million Oryx GTL Plant is the

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June 6, 2006

Foster Wheeler Ltd. (Nasdaq: FWLT) is pleased to announce that the Foster Wheeler-designed US$950 million Oryx Gas-to-Liquids (GTL) plant at Ras Laffan Industrial City, Qatar, was today officially inaugurated by His Highness, Sheikh Hamad Bin Khalifa Al-Thani, Emir of the State of Qatar. The ceremony was attended by Foster Wheeler and other dignitaries and guests from Qatar and abroad. Oryx GTL is a joint venture between state-owned Qatar Petroleum (51 percent) and South African-based petrochemical company, Sasol Ltd (49 percent). Foster Wheeler's UK subsidiary, Foster Wheeler Energy Limited, part of its Global Engineering and Construction Group, is the engineering partner for Sasol's GTL projects and was part of the multi-company project management team comprising Qatar Petroleum, Sasol Ltd and Foster Wheeler for this groundbreaking project.

"We congratulate Qatar Petroleum and Sasol for their vision in developing this innovative route for the conversion of Qatar's vast natural gas resources into ultra-low emission diesel and other environmentally benign energy products," said Steve Davies, chairman and chief executive officer of Foster Wheeler Energy Limited. "Foster Wheeler is proud to be associated with this 'first of a kind' GTL facility and to have played a key role in realizing our clients' vision, from the early concept phase through to successful completion."

The Oryx GTL plant is a "world first": the first plant to convert natural gas to liquid fuel at commercial scale. It utilizes the proprietary, low-temperature Sasol Slurry Phase Distillate(TM) (SPD (TM)) process that is based on Fischer-Tropsch technology. 330 million cubic feet per day of lean natural gas from Qatar's North Gas Field in the Gulf provided the feedstock to produce a planned 34,000 barrels per day (b/d) of liquids. This will comprise 24,000 b/d of diesel, 9,000 b/d of naphtha and 1,000 b/d of liquefied petroleum gas.

Foster Wheeler's involvement started with an initial conceptual analysis and development of the GTL process for Sasol in 1998. This work developed into feasibility and front-end engineering design work for the Oryx GTL facility and completion of the engineering, procurement and construction (EPC) bid evaluation in December 2002. The EPC contract was awarded in March 2003 and Foster Wheeler has continued to support the project as part of the team managing the EPC contractor.

"Oryx GTL is a defining moment in the growth in a whole new industry. GTL will grow here in Qatar and, as a result of this groundbreaking venture, also in many other parts of the world. Sasol is proud to have worked with Qatar Petroleum, Chevron and partners like Foster Wheeler in developing this exciting new industry. We are at the threshold of providing the world with an attractive alternative to crude-derived transportation fuels," commented Pat Davies, chief executive, Sasol.

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