CB&I Announces Contract For U.S. Ethylene Plant

               CB&I Announces Contract For U.S. Ethylene Plant

PR Newswire

THE WOODLANDS, Texas, Dec. 2, 2013

THE WOODLANDS, Texas, Dec. 2, 2013 /PRNewswire/ --CB&I (NYSE: CBI) announced
today it has been awarded a contract valued at approximately $1 billion by
Ingleside Ethylene LLC, a joint venture between Occidental Chemical
Corporation (OxyChem), a subsidiary of Occidental Petroleum Corporation
(NYSE:OXY), and Mexichem, S.A.B. de C.V. (Mexichem) for the engineering,
procurement and construction of an ethane cracker and associated utilities and
offsites to be located at OxyChem's complex in Ingleside, Texas. The cracker
will have the capacity to produce approximately 1.2 billion pounds per year of
ethylene.

Feedstock for the cracker is anticipated to be ethane derived from domestic
shale gas.

As previously announced, CB&I provided the technology license and basic
engineering for the ethylene technology, five SRT^® (short residence time)
cracking heaters and the front end engineering and design (FEED) services.

"The award of this important ethylene project in the U.S. reflects the quality
of work CB&I has provided to OxyChem and MexiChem to date," said Philip K.
Asherman, CB&I's President and Chief Executive Officer. "It shows the clients'
confidence in our ability to provide a complete range of services from proven
licensed process technology, fabrication and FEED services to engineered
products, all the way through to EPC."

About CB&I
CB&I (NYSE:CBI) is the most complete energy infrastructure focused company in
the world and a major provider of government services. Drawing upon more than
a century of experience and the expertise of approximately 50,000 employees,
CB&I provides reliable solutions while maintaining a relentless focus on
safety and an uncompromising standard of quality. For more information, visit
www.cbi.com.

Important Information For Investors And Shareholders

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding CB&I and
represents our expectations and beliefs concerning future events. These
forward-looking statements are intended to be covered by the safe harbor for
forward-looking statements provided by the Private Securities Litigation
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"should," "could," "may," "might" or similar forward-looking statements, we
refer you to the cautionary statements concerning risk factors and
"Forward-Looking Statements" described under "Risk Factors" in Item 1A of our
Annual Report filed on Form 10-K filed with the SEC for the year ended
December 31, 2012, and any updates to those risk factors or "Forward-Looking
Statements" included in our subsequent Quarterly Reports on Form 10-Q filed
with the SEC, which cautionary statements are incorporated herein by
reference.

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SOURCE CB&I

Website: http://www.cbi.com
Contact: Media: www.CBI.com; Investors: Christi Thoms +1 832 513 1200