Foster Wheeler Awarded PMC Contract By STAR Rafineri For Grassroots Refinery In Turkey
ZUG, SWITZERLAND--(BUSINESS WIRE)--
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction (E&C) Group has been awarded a contract by STAR Rafineri A.Ş., a subsidiary of SOCAR Turkey, for project management consultancy (PMC) services for its grassroots Aegean Refinery to be built within the Petkim Petrokimya A.Ş. (PETKİM) facilities at Aliağa, Turkey.
Foster Wheeler's contract value was not disclosed and was included in the company's third-quarter 2013 bookings.
The new refinery is designed to process a range of different crude oils, including Urals, Azeri Light and Kirkuk, with a processing capacity of 10 million tons of crude oil per year. It is expected to start operations in 2017 and to produce a range of products including jet fuel, diesel, naphtha, petroleum coke and liquid petroleum gases.
Foster Wheeler executed the front-end engineering design (FEED) for the entire refinery and also provided the license and basic design package for the delayed coker, which will use Foster Wheeler’s leading SYDEC(SM) delayed coking technology.
“Having successfully delivered a high quality FEED, we are very pleased to continue to play a key role in this strategic investment in Turkey,” said Roberto Penno, Chief Executive Officer of Foster Wheeler’s Global E&C Group. “We believe that our proven project management and refining capabilities, our experience in executing mega-projects, and our long-established operation in Turkey were all instrumental in our success in winning this contract.”
“This refinery will significantly reduce Turkey’s dependence on imports of many petroleum derivatives, and so it is a strategically important investment,“ said Kenan Yavuz, Chief Executive Officer, SOCAR Turkey. “Foster Wheeler’s project management and project execution expertise is well-known, and we are confident that the Foster Wheeler team will make a valuable contribution to the success of this mega-project.”
Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, minerals and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.
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SOCAR Turkey Enerji A.Ş.
SOCAR Turkey Energy Co. is a joint venture of the State Oil Company of Azerbaijan (SOCAR) and Petkim Petrokimya Holding A.Ş. of Turkey. For more information, see www.socar.com.tr/en
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