Foster Wheeler Awarded Contract for Supply of Nine Fired Heaters to Russian Refinery

abarrelfullabarrelfull wrote on 12 Oct 2013 11:35
Tags: c-asia foster-wheeler refinery russia surgutneftegaz

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Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by LLC KINEF, a subsidiary of the oil company Surgutneftegaz, for the engineering and material supply of nine fired heaters for the new High Octane Gasoline Compounds Production Complex to be built at the KINEF - Kirishinefteorgsyntez refinery in Kirishi, Leningradsky Region, Russia. The Kirishinefteorgsyntez refinery has a crude oil processing capacity of 230,000 barrels per stream day.

The value of Foster Wheeler’s contract was not disclosed and will be included in the company’s third-quarter 2013 bookings.

“We have a long and very successful track record in designing and supplying heaters for the Russian market, and we are very pleased to have received this major award, which constitutes another vote of confidence in the quality and reliability of our heaters,” said Umberto della Sala, President and Chief Operating Officer, Foster Wheeler AG.

“The supply of all of the fired heaters required for this new complex at one of the largest refineries in Russia is one of the biggest and most critical packages we have awarded, and we are pleased to have selected Foster Wheeler,” said V.E. Somov, General Director of Kirishinefteorgsyntez. “We are confident that Foster Wheeler will bring its renowned reputation and experience to this project.”

Foster Wheeler’s scope of work is scheduled to be completed in the first quarter of 2015.

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