Shaw Selected to Provide Engineering and Design for Two Grassroots Refineries in Iraq

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June 29, 2009

The Shaw Group Inc. (NYSE: SGR) today announced its Energy & Chemicals Group has signed two contracts with the Republic of Iraq’s Ministry of Oil to provide feasibility studies and front end engineering and design (FEED) for two grassroots 150,000 barrels per day refineries near the cities of Maissan and Kirkuk in Iraq.

The FEED work includes all process units, offsite facilities and utilities for both refineries. The new refineries are part of Iraq’s development program and will address the country’s demand for fuels, alleviate domestic shortages and reduce imports.

The value of Shaw’s contracts, which will be included in the company’s fourth quarter fiscal year 2009 backlog of unfilled orders, was not disclosed.

“This is the first significant project for Shaw’s Energy & Chemicals Group in Iraq and will further enforce Shaw’s commitment to the Middle East region,” said Lou Pucher, president of Shaw’s Energy & Chemicals Group.

In March 2009, Shaw opened a new office in Abu Dhabi, United Arab Emirates, to support its increasing activity throughout the Middle East. Shaw has operated an ASME certified pipe fabrication facility in Bahrain since 1994.

  • [www.shawgrp.com Shaw Selected to Provide Engineering and Design for Two Grassroots Refineries in Iraq]

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