KBR Awarded Lobito Refinery FEED Contract by Sonangol, E.P.

abarrelfullabarrelfull wrote on 11 Dec 2012 12:34
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November 5, 2008

KBR (NYSE:KBR) announced today that it has been awarded a contract by Sonangol, E.P. to provide front-end engineering and design (FEED) work for its Lobito refinery, located in Lobito, Angola.

The contract award marks an important milestone in Sonangol's progress towards its goal of building and operating a grassroots refinery facility in Angola. The Lobito facility will process heavy crudes and reduce the need to import petroleum products in the area. Work is expected to begin immediately.

"KBR is a market leader in the sub-Saharan region, and we look forward to providing our expertise in petroleum refining to help Sonangol reach its goals," said John Quinn, President, Downstream for KBR. "Building on our long-standing relationship with Sonangol on the Lobito project, KBR is committed to designing a world-class grassroots refining facility in Angola."


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