CB&I Announces Kuwait Refinery Award
THE WOODLANDS, Texas, Feb.19, 2014
THE WOODLANDS, Texas, Feb.19, 2014 /PRNewswire/ --CB&I (NYSE: CBI) announced
today it has received an award valued at approximately $370 million by the
Kuwait National Petroleum Company (KNPC) for its Clean Fuels Project at the
Mina Abdullah I refinery in Kuwait.
CB&I is part of a joint venture led by Petrofac International Ltd., along with
Samsung Engineering Co., Ltd., that will execute the Mina Abdullah I refinery
project. CB&I's project scope includes engineering and procurement for two
atmospheric residue desulfurization units, which were previously licensed by
Chevron Lummus Global, a joint venture between CB&I and Chevron.
The Clean Fuels Project is one of KNPC's major investment projects to upgrade
the Mina Abdullah and Mina Al-Ahmadi refineries in order to reach a daily
production target of 800,000 BPSD from the current 736,000 BPSD.
"This award builds on CB&I's proven experience in the refining industry," said
Patrick K. Mullen, President of CB&I's Engineering, Construction and
Maintenance operating group. "The installation of these units will reduce
sulfur, enhancing the ability of Kuwaiti petroleum products to compete on the
world market and meet stringent international environmental regulations."
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
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Contact: Media: www.CBI.com, or Investors, Christi Thoms, +1 832 513 1200
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